Waverly's real estate market is experiencing a price correction, with values down 5.2% from last year. Home prices have increased 4.0% in the past month alone. With 8.5 months of supply, Waverly's inventory levels remain relatively tight. Sales volume is down 60% compared to seasonal expectations. Only 5.9% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Waverly market with the affordability index at 1297.3. Based on current market indicators, home prices in Waverly are projected to decrease by approximately 5.5% over the next month.