Millbrae's real estate market is experiencing a price correction, with values down 21.7% from last year. Home prices have increased 11.8% in the past month alone. With 2.5 months of supply, Millbrae's inventory levels remain relatively tight. Homes are now taking an average of 35 days to sell, significantly longer than the 7 days typical for this market. A significant 60.0% 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 Millbrae market with the affordability index at 572.9. Based on current market indicators, home prices in Millbrae are projected to increase by approximately 123.3% over the next month.