San Clemente's real estate market is experiencing a price correction, with values down 13.3% from last year. Home prices have decreased 9.4% in the past month. At the current pace, all available homes in San Clemente would sell out in just 1.7 months, indicating a continued supply shortage. Homes are taking about 46 days to sell, which is -6 days longer than this time last year. A significant 26.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 22.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the San Clemente market with the affordability index at 122.6. Based on current market indicators, home prices in San Clemente are projected to increase by approximately 3.6% over the next month.
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