Arma's real estate market is experiencing a price correction, with values down 63.5% from last year. Home prices have decreased 45.4% in the past month. With 8.0 months of supply, Arma's inventory levels remain relatively tight. Homes are taking about 127 days to sell, which is 34 days longer than this time last year. A significant 25.0% 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 Arma market with the affordability index at 167.9. Current trends suggest further price adjustments may occur as the market continues to favor buyers.