Somerton's real estate market is experiencing a price correction, with values down 12.9% from last year. Home prices have decreased 16.7% in the past month. With 3.3 months of supply, Somerton's inventory levels remain relatively tight. Transaction volume is up 500% compared to what's typically expected this time of year. Only 5.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Somerton market with the affordability index at 111.1. Based on current market indicators, home prices in Somerton are projected to decrease by approximately 3.6% over the next month.