Cordova's real estate market is experiencing a price correction, with values down 52.9% from last year. Home prices have decreased 76.0% in the past month. With 3.5 months of supply, Cordova's inventory levels remain relatively tight. Transaction volume is up 100% compared to what's typically expected this time of year. A significant 57.1% 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 Cordova market with the affordability index at 187.8. Based on current market indicators, home prices in Cordova are projected to increase by approximately 7.3% over the next month.