Watervliet's real estate market is experiencing a price correction, with values down 18.6% from last year. Home prices have decreased 19.1% in the past month. With 16 active listings, inventory is 129% higher than seasonal norms. Homes are now taking an average of 14 days to sell, significantly longer than the 7 days typical for this market. A significant 62.5% 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 Watervliet market with the affordability index at 71.0. Based on current market indicators, home prices in Watervliet are projected to increase by approximately 8.0% over the next month.