Redland's real estate market is experiencing a price correction, with values down 7.9% from last year. Home prices have decreased 8.9% in the past month. With 6.4 months of supply, Redland's inventory levels remain relatively tight. Homes are taking about 49 days to sell, which is -34 days longer than this time last year. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Redland market with the affordability index at 438.5. Looking ahead, the Redland market is expected to maintain its current trajectory with relatively stable conditions.