Sussex's real estate market is experiencing a price correction, with values down 10.8% from last year. Home prices have decreased 3.2% in the past month. At the current pace, all available homes in Sussex would sell out in just 1.7 months, indicating a continued supply shortage. Transaction volume is up 100% compared to what's typically expected this time of year. A significant 22.6% 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 Sussex market with the affordability index at 222.7. Looking ahead, the Sussex market is expected to maintain its current trajectory with relatively stable conditions.