The housing market in Cottonwood continues to see strong price appreciation, with values up 27.1% compared to last year. Home prices have increased 122.8% in the past month alone. With 4 active listings, inventory is 100% higher than seasonal norms. Homes are now taking an average of 652 days to sell, significantly longer than the 7 days typical for this market. A significant 25.0% 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 Cottonwood market with the affordability index at 752.6. Based on current market indicators, home prices in Cottonwood are projected to decrease by approximately 8.6% over the next month.