The present housing market in Imlay City is down with high active listings and low sales volume. Home prices have increased 95.2% in the past month alone. With 13 active listings, inventory is 86% higher than seasonal norms. Sales volume is down 33% compared to seasonal expectations. A significant 23.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Imlay City market with the affordability index at 427.8. Based on current market indicators, home prices in Imlay City are projected to decrease by approximately 29.6% over the next month.