Aledo's real estate market is experiencing a price correction, with values down 15.5% from last year. Home prices have increased 17.0% in the past month alone. With 6.8 months of supply, Aledo's inventory levels remain relatively tight. Homes are now taking an average of 90 days to sell, significantly longer than the 51 days typical for this market. A significant 41.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (60.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Aledo market with the affordability index at 748.1. Based on current market indicators, home prices in Aledo are projected to decrease by approximately 10.2% over the next month.