The present housing market in Cordova is down with high active listings and low sales volume. Home prices have increased 88.9% in the past month alone. With 4.0 months of supply, Cordova's inventory levels remain relatively tight. Sales volume is down 50% compared to seasonal expectations. A significant 25.0% 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 Cordova market with the affordability index at 319.2. Based on current market indicators, home prices in Cordova are projected to increase by approximately 12.3% over the next month.