Electra's real estate market is experiencing a price correction, with values down 41.0% from last year. The median home price has fallen to $33,900, a significant 41.0% decrease year-over-year. At the current sales pace, it would take over 16.0 months to sell all available homes in Electra, indicating an oversupplied market. Sales volume is down 75% compared to seasonal expectations. Only 6.3% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Electra market with the affordability index at 54.1. Based on current market indicators, home prices in Electra are projected to increase by approximately 12.2% over the next month.