Danbury's real estate market is experiencing a price correction, with values down 13.0% from last year. Home prices have increased 3.2% in the past month alone. At the current sales pace, it would take over 10.0 months to sell all available homes in Danbury, indicating an oversupplied market. Homes are now taking an average of 94 days to sell, significantly longer than the 39 days typical for this market. A significant 50.0% 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 Danbury market with the affordability index at 972.2. Based on current market indicators, home prices in Danbury are projected to decrease by approximately 5.7% over the next month.