Howard City's real estate market is experiencing a price correction, with values down 59.4% from last year. Home prices have decreased 71.5% in the past month. With 6.0 months of supply, Howard City's inventory levels remain relatively tight. Properties are selling within just 4 days on average, much faster than the historical norm of 11 days. 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 Howard City market with the affordability index at 149.2. Looking ahead, the Howard City market is expected to maintain its current trajectory with relatively stable conditions.