Briar Chapel's real estate market is experiencing a price correction, with values down 23.7% from last year. Home prices have decreased 15.3% in the past month. At the current pace, all available homes in Briar Chapel would sell out in just 1.2 months, indicating a continued supply shortage. Transaction volume is up 140% compared to what's typically expected this time of year. A significant 28.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Briar Chapel market with the affordability index at 910.6. Looking ahead, the Briar Chapel market is expected to maintain its current trajectory with relatively stable conditions.