Eagle Point's real estate market is experiencing a price correction, with values down 6.7% from last year. Home prices have decreased 16.3% in the past month. With 16 active listings, inventory is 78% higher than seasonal norms. Homes are taking about 54 days to sell, which is 15 days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 40.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Eagle Point market with the affordability index at 1627.0. Based on current market indicators, home prices in Eagle Point are projected to decrease by approximately 15.3% over the next month.