The present housing market in University Heights is down with high active listings and low sales volume. Home prices have increased 4.2% in the past month alone. At the current pace, all available homes in University Heights would sell out in just 1.9 months, indicating a continued supply shortage. Homes are now taking an average of 53 days to sell, significantly longer than the 29 days typical for this market. A significant 43.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 37.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the University Heights market with the affordability index at 128.0. Based on current market indicators, home prices in University Heights are projected to decrease by approximately 5.8% over the next month.