Imperial Beach's real estate market is experiencing a price correction, with values down 19.5% from last year. Home prices have increased 6.5% in the past month alone. With 2.6 months of supply, Imperial Beach's inventory levels remain relatively tight. Transaction volume is up 73% compared to what's typically expected this time of year. A significant 28.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 42.1% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Imperial Beach market with the affordability index at 176.3. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.