The present housing market in Defiance is down with high active listings and low sales volume. Home prices have decreased 3.4% in the past month. At the current pace, all available homes in Defiance would sell out in just 1.8 months, indicating a continued supply shortage. Homes are taking about 71 days to sell, which is 18 days longer than this time last year. Approximately 22.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Defiance market with the affordability index at 45.3. Based on current market indicators, home prices in Defiance are projected to decrease by approximately 5.0% over the next month.