South Glens Falls's real estate market is experiencing a price correction, with values down 17.0% from last year. Home prices have increased 14.3% in the past month alone. At the current pace, all available homes in South Glens Falls would sell out in just 1.7 months, indicating a continued supply shortage. Homes are now taking an average of 87 days to sell, significantly longer than the 32 days typical for this market. A significant 60.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the South Glens Falls market with the affordability index at 283.5. Looking ahead, the South Glens Falls market is expected to maintain its current trajectory with relatively stable conditions.