With only 1.1 months of inventory, Cedar Rapids remains a seller's market. Home prices have increased 2.5% in the past month alone. At the current pace, all available homes in Cedar Rapids would sell out in just 1.1 months, indicating a continued supply shortage. Transaction volume is up 32% compared to what's typically expected this time of year. A significant 38.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 31.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Cedar Rapids market with the affordability index at 10.2. Based on current market indicators, home prices in Cedar Rapids are projected to increase by approximately 16.7% over the next month.