Tuscumbia's real estate market is experiencing a price correction, with values down 12.8% from last year. Home prices have decreased 15.8% in the past month. With 39 active listings, inventory is 95% higher than seasonal norms. Homes are taking about 55 days to sell, which is -8 days longer than this time last year. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 15.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Tuscumbia market with the affordability index at 182.7. Based on current market indicators, home prices in Tuscumbia are projected to increase by approximately 3.5% over the next month.
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