Manatee Road's real estate market is experiencing a price correction, with values down 40.7% from last year. Home prices have decreased 13.0% in the past month. With 13 active listings, inventory is 225% higher than seasonal norms. Homes are taking about 116 days to sell, which is 8 days longer than this time last year. A significant 30.8% 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 Manatee Road market with the affordability index at 491.8. Current trends suggest further price adjustments may occur as the market continues to favor buyers.