The housing market in Clay continues to see strong price appreciation, with values up 13.7% compared to last year. Home prices have decreased 7.4% in the past month. With 2.9 months of supply, Clay's inventory levels remain relatively tight. Transaction volume is up 38% compared to what's typically expected this time of year. A significant 36.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Clay market with the affordability index at 215.2. Based on current market indicators, home prices in Clay are projected to decrease by approximately 7.8% over the next month.