Lake Mohegan's real estate market is experiencing a price correction, with values down 25.5% from last year. Home prices have decreased 26.2% in the past month. With 8 active listings, inventory is 60% higher than seasonal norms. Homes are now taking an average of 48 days to sell, significantly longer than the 27 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 16.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Lake Mohegan market with the affordability index at 436.4. Looking ahead, the Lake Mohegan market is expected to maintain its current trajectory with relatively stable conditions.