Sumiton's real estate market is currently hot with low inventory and high demand. Home prices have decreased 2.0% in the past month. With only 1 active listings, inventory is 89% lower than typical for this time of year. Homes are now taking an average of 38 days to sell, significantly longer than the 20 days typical for this market. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Sumiton market with the affordability index at 688.8. Based on current market indicators, home prices in Sumiton are projected to decrease by approximately 6.6% over the next month.
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