Bayou Vista's real estate market is experiencing a price correction, with values down 8.0% from last year. Home prices have decreased 35.9% in the past month. With 29 active listings, inventory is 123% higher than seasonal norms. Transaction volume is up 150% compared to what's typically expected this time of year. A significant 20.7% 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 Bayou Vista market with the affordability index at 581.5. Current trends suggest further price adjustments may occur as the market continues to favor buyers.