Midland's real estate market is experiencing a price correction, with values down 13.6% from last year. Home prices have decreased 4.3% in the past month. With 18 active listings, inventory is 260% higher than seasonal norms. Homes are now taking an average of 69 days to sell, significantly longer than the 31 days typical for this market. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Midland market with the affordability index at 328.4. Based on current market indicators, home prices in Midland are projected to decrease by approximately 5.2% over the next month.