Riverwoods's real estate market is currently hot with low inventory and high demand. Home prices have decreased 2.6% in the past month. With only 3 active listings, inventory is 67% lower than typical for this time of year. Transaction volume is up 33% compared to what's typically expected this time of year. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 12.5% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Riverwoods market with the affordability index at 1481.6. Based on current market indicators, home prices in Riverwoods are projected to decrease by approximately 5.1% over the next month.