The present housing market in Dubuque is down with high active listings and low sales volume. Home prices have decreased 3.4% in the past month. With 3.3 months of supply, Dubuque's inventory levels remain relatively tight. Homes are taking about 25 days to sell, which is -2 days longer than this time last year. A significant 35.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 22.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Dubuque market with the affordability index at 29.2. Based on current market indicators, home prices in Dubuque are projected to decrease by approximately 9.5% over the next month.