Shelby's real estate market is experiencing a price correction, with values down 26.3% from last year. Home prices have decreased 30.4% in the past month. With 10 active listings, inventory is 67% higher than seasonal norms. Transaction volume is up 117% compared to what's typically expected this time of year. Approximately 23.1% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Shelby market with the affordability index at 66.0. Looking ahead, the Shelby market is expected to maintain its current trajectory with relatively stable conditions.