Brighton's real estate market is experiencing a price correction, with values down 48.4% from last year. Home prices have decreased 58.5% in the past month. With 2.0 months of supply, Brighton's inventory levels remain relatively tight. Transaction volume is up 100% compared to what's typically expected this time of 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 Brighton market with the affordability index at 70.7. Based on current market indicators, home prices in Brighton are projected to increase by approximately 21.7% over the next month.
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