Ronald's real estate market is experiencing a price correction, with values down 44.5% from last year. The median home price has fallen to $1,104,950, a significant 44.5% decrease year-over-year. With 9 active listings, inventory is 125% higher than seasonal norms. Homes are now taking an average of 196 days to sell, significantly longer than the 104 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Ronald market with the affordability index at 26950.0. Based on current market indicators, home prices in Ronald are projected to decrease by approximately 7.9% over the next month.