The present housing market in Chamberlayne is down with high active listings and low sales volume. Home prices have increased 33.9% in the past month alone. With 4 active listings, inventory is 300% higher than seasonal norms. Homes are now taking an average of 15 days to sell, significantly longer than the 7 days typical for this market. A significant 75.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Chamberlayne market with the affordability index at 402.1. Based on current market indicators, home prices in Chamberlayne are projected to decrease by approximately 5.0% over the next month.