The present housing market in Madrid is down with high active listings and low sales volume. Home prices have decreased 25.3% in the past month. With 2.0 months of supply, Madrid's inventory levels remain relatively tight. Homes are now taking an average of 103 days to sell, significantly longer than the 4 days typical for this market. A significant 66.7% 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 Madrid market with the affordability index at 280.0. Based on current market indicators, home prices in Madrid are projected to increase by approximately 21.0% over the next month.