With only 1.5 months of inventory, South Milwaukee remains a seller's market. Home prices have decreased 17.7% in the past month. At the current pace, all available homes in South Milwaukee would sell out in just 1.5 months, indicating a continued supply shortage. Homes are taking about 37 days to sell, which is -13 days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (54.5%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the South Milwaukee market with the affordability index at 61.7. Based on current market indicators, home prices in South Milwaukee are projected to decrease by approximately 3.9% over the next month.