Watsonville's real estate market is experiencing a price correction, with values down 16.1% from last year. Home prices have decreased 5.3% in the past month. With 6 active listings, inventory is 500% higher than seasonal norms. Properties are selling within just 8 days on average, much faster than the historical norm of 29 days. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Watsonville market with the affordability index at 134.3. Based on current market indicators, home prices in Watsonville are projected to decrease by approximately 21.0% over the next month.