The housing market in Sylacauga continues to see strong price appreciation, with values up 31.3% compared to last year. Home prices have increased 72.1% in the past month alone. With 7.0 months of supply, Sylacauga's inventory levels remain relatively tight. Properties are selling within just 36 days on average, much faster than the historical norm of 81 days. A significant 26.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 42.9% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Sylacauga market with the affordability index at 101.8. Based on current market indicators, home prices in Sylacauga are projected to increase by approximately 16.6% over the next month.
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