Reading's real estate market is experiencing a price correction, with values down 5.3% from last year. Home prices have increased 33.2% in the past month alone. At the current pace, all available homes in Reading would sell out in just 1.5 months, indicating a continued supply shortage. Homes are taking about 19 days to sell, which is -10 days longer than this time last year. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Reading market with the affordability index at 181.4. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.