San Carlos's real estate market is experiencing a price correction, with values down 13.0% from last year. Home prices have decreased 9.4% in the past month. At the current pace, all available homes in San Carlos would sell out in just 0.5 months, indicating a continued supply shortage. Homes are taking about 27 days to sell, which is -7 days longer than this time last year. Approximately 40.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the San Carlos market with the affordability index at 374.3. Based on current market indicators, home prices in San Carlos are projected to decrease by approximately 19.1% over the next month.
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