The housing market in Sterrett continues to see strong price appreciation, with values up 163.9% compared to last year. Home prices have increased 169.9% in the past month alone. With only 1 active listings, inventory is 83% lower than typical for this time of year. Homes are now taking an average of 86 days to sell, significantly longer than the 26 days typical for this market. A significant 100.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Sterrett market with the affordability index at 4956.5. Based on current market indicators, home prices in Sterrett are projected to decrease by approximately 21.2% over the next month.