Mentone's real estate market is experiencing a price correction, with values down 12.3% from last year. Home prices have decreased 19.8% in the past month. At the current pace, all available homes in Mentone would sell out in just 1.4 months, indicating a continued supply shortage. Sales volume is down 44% compared to seasonal expectations. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Mentone market with the affordability index at 253.6. Based on current market indicators, home prices in Mentone are projected to decrease by approximately 6.9% over the next month.
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