Highland Lakes's real estate market is experiencing a price correction, with values down 27.1% from last year. Home prices have decreased 26.6% in the past month. With 30 active listings, inventory is 67% higher than seasonal norms. Properties are selling within just 36 days on average, much faster than the historical norm of 173 days. Approximately 40.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Highland Lakes market with the affordability index at 512.7. Based on current market indicators, home prices in Highland Lakes are projected to increase by approximately 6.0% over the next month.