Bethel's real estate market is experiencing a price correction, with values down 70.7% from last year. Home prices have decreased 90.3% in the past month. With 6.0 months of supply, Bethel's inventory levels remain relatively tight. Properties are selling within just 16 days on average, much faster than the historical norm of 86 days. A significant 50.0% 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 Bethel market with the affordability index at 71.3. Based on current market indicators, home prices in Bethel are projected to increase by approximately 11.4% over the next month.