Akron's real estate market is experiencing a price correction, with values down 62.4% from last year. The median home price has fallen to $35,000, a significant 62.4% decrease year-over-year. With 4.0 months of supply, Akron's inventory levels remain relatively tight. Properties are selling within just 29 days on average, much faster than the historical norm of 219 days. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Akron market with the affordability index at 823.5. Based on current market indicators, home prices in Akron are projected to decrease by approximately 26.0% over the next month.