The present housing market in Avon Lake is down with high active listings and low sales volume. Home prices have increased 43.8% in the past month alone. At the current pace, all available homes in Avon Lake would sell out in just 1.4 months, indicating a continued supply shortage. Homes are taking about 36 days to sell, which is 2 days longer than this time last year. Approximately 23.1% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Avon Lake market with the affordability index at 96.6. Based on current market indicators, home prices in Avon Lake are projected to decrease by approximately 17.8% over the next month.