With only 2.0 months of inventory, Elkhart remains a seller's market. Home prices have increased 5.4% in the past month alone. With 2.0 months of supply, Elkhart's inventory levels remain relatively tight. Sales volume is down 60% compared to seasonal expectations. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Elkhart market with the affordability index at 2434.0. Based on current market indicators, home prices in Elkhart are projected to decrease by approximately 7.5% over the next month.