The Red Cliff housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 17.3% in the past month. With 4.0 months of supply, Red Cliff's inventory levels remain relatively tight. Homes are taking about 67 days to sell, which is 0 days longer than this time last year. A significant 50.0% 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 Red Cliff market with the affordability index at 11045.5. Based on current market indicators, home prices in Red Cliff are projected to decrease by approximately 15.2% over the next month.