The present housing market in Caledonia is down with high active listings and low sales volume. Home prices have increased 11.3% in the past month alone. With 8 active listings, inventory is 167% higher than seasonal norms. Homes are now taking an average of 119 days to sell, significantly longer than the 60 days typical for this market. A significant 62.5% 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 Caledonia market with the affordability index at 1498.2. Based on current market indicators, home prices in Caledonia are projected to decrease by approximately 3.3% over the next month.