With only 1.1 months of inventory, Allentown remains a seller's market. Home prices have increased 2.5% in the past month alone. At the current pace, all available homes in Allentown would sell out in just 1.1 months, indicating a continued supply shortage. Homes are taking about 15 days to sell, which is 5 days longer than this time last year. A significant 40.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 44.8% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Allentown market with the affordability index at 11.5. Based on current market indicators, home prices in Allentown are projected to decrease by approximately 4.0% over the next month.