Cold Spring's real estate market is experiencing a price correction, with values down 10.3% from last year. Home prices have increased 10.5% in the past month alone. With 3.0 months of supply, Cold Spring's inventory levels remain relatively tight. Homes are now taking an average of 160 days to sell, significantly longer than the 40 days typical for this market. A significant 22.2% 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 Cold Spring market with the affordability index at 379.6. Based on current market indicators, home prices in Cold Spring are projected to decrease by approximately 10.8% over the next month.