The present housing market in Bristol is down with high active listings and low sales volume. The median home price of $667,500 represents a substantial 78.0% increase from this time last year. With 5 active listings, inventory is 67% higher than seasonal norms. Homes are now taking an average of 55 days to sell, significantly longer than the 11 days typical for this market. A significant 40.0% 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 Bristol market with the affordability index at 2749.7. Based on current market indicators, home prices in Bristol are projected to decrease by approximately 12.0% over the next month.