The present housing market in Colchester is down with high active listings and low sales volume. Home prices have decreased 9.5% in the past month. With 5.0 months of supply, Colchester's inventory levels remain relatively tight. Homes are now taking an average of 62 days to sell, significantly longer than the 39 days typical for this market. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Colchester market with the affordability index at 384.4. Based on current market indicators, home prices in Colchester are projected to decrease by approximately 10.7% over the next month.