Gordo's real estate market is experiencing a price correction, with values down 18.6% from last year. The median home price has fallen to $209,900, a significant 18.6% decrease year-over-year. With 3 active listings, inventory is 200% higher than seasonal norms. Transaction volume is up 100% compared to what's typically expected this time of year. A significant 33.3% 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 Gordo market with the affordability index at 901.8. Based on current market indicators, home prices in Gordo are projected to decrease by approximately 10.8% over the next month.