Netcong's real estate market is experiencing a price correction, with values down 9.9% from last year. Home prices have decreased 4.2% in the past month. With 5 active listings, inventory is 400% higher than seasonal norms. Transaction volume is up 100% compared to what's typically expected this time of year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Netcong market with the affordability index at 506.1. Based on current market indicators, home prices in Netcong are projected to decrease by approximately 4.3% over the next month.