With only 2.9 months of inventory, Cedar Rapids remains a seller's market. Home prices have decreased 11.2% in the past month. With 2.9 months of supply, Cedar Rapids's inventory levels remain relatively tight. Homes are taking about 22 days to sell, which is -4 days longer than this time last year. A significant 31.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 27.9% 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 10.4. Based on current market indicators, home prices in Cedar Rapids are projected to increase by approximately 3.4% over the next month.