Ojai's real estate market is experiencing a price correction, with values down 48.5% from last year. Home prices have decreased 47.4% in the past month. With only 14 active listings, inventory is 52% lower than typical for this time of year. Properties are selling within just 22 days on average, much faster than the historical norm of 106 days. The majority of homes (66.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Ojai market with the affordability index at 502.5. Based on current market indicators, home prices in Ojai are projected to increase by approximately 11.2% over the next month.