The housing market in Ravenswood continues to see strong price appreciation, with values up 136.1% compared to last year. Home prices have decreased 28.4% in the past month. At the current pace, all available homes in Ravenswood would sell out in just 1.5 months, indicating a continued supply shortage. Sales volume is down 33% compared to seasonal expectations. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Ravenswood market with the affordability index at 195.0. Based on current market indicators, home prices in Ravenswood are projected to increase by approximately 6.8% over the next month.