Vestavia Hills's real estate market is currently hot with low inventory and high demand. Home prices have increased 42.2% in the past month alone. With 4.7 months of supply, Vestavia Hills's inventory levels remain relatively tight. Transaction volume is up 50% compared to what's typically expected this time of year. A significant 42.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (66.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Vestavia Hills market with the affordability index at 128.3. Based on current market indicators, home prices in Vestavia Hills are projected to increase by approximately 120.4% over the next month.
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