With only 1.9 months of inventory, Walled Lake remains a seller's market. Home prices have decreased 44.8% in the past month. At the current pace, all available homes in Walled Lake would sell out in just 1.9 months, indicating a continued supply shortage. Homes are taking about 32 days to sell, which is -2 days longer than this time last year. A significant 26.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Walled Lake market with the affordability index at 117.0. Based on current market indicators, home prices in Walled Lake are projected to increase by approximately 7.7% over the next month.