Thorsby's real estate market is experiencing a price correction, with values down 35.6% from last year. Home prices have decreased 57.9% in the past month. With 14 active listings, inventory is 75% higher than seasonal norms. Properties are selling within just 73 days on average, much faster than the historical norm of 198 days. A significant 21.4% 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 Thorsby market with the affordability index at 731.4. Based on current market indicators, home prices in Thorsby are projected to increase by approximately 14.3% over the next month.
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