Sterrett's real estate market is experiencing a price correction, with values down 60.4% from last year. Home prices have decreased 45.1% in the past month. With 7 active listings, inventory is 133% higher than seasonal norms. Properties are selling within just 32 days on average, much faster than the historical norm of 286 days. 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 1460.9. Based on current market indicators, home prices in Sterrett are projected to increase by approximately 16.4% over the next month.
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