Willoughby Hills's real estate market is experiencing a price correction, with values down 9.5% from last year. Home prices have increased 49.0% in the past month alone. With 3.0 months of supply, Willoughby Hills's inventory levels remain relatively tight. Sales volume is down 67% compared to seasonal expectations. A significant 22.2% 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 Willoughby Hills market with the affordability index at 161.3. Based on current market indicators, home prices in Willoughby Hills are projected to decrease by approximately 10.4% over the next month.