Riverview's real estate market is experiencing a price correction, with values down 16.6% from last year. Home prices have increased 24.3% in the past month alone. With 17 active listings, inventory is 113% higher than seasonal norms. Transaction volume is up 100% compared to what's typically expected this time of year. Only 5.9% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 37.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Riverview market with the affordability index at 88.4. Based on current market indicators, home prices in Riverview are projected to decrease by approximately 9.9% over the next month.