Piedmont's real estate market is experiencing a price correction, with values down 7.6% from last year. Home prices have increased 27.4% in the past month alone. With 2.5 months of supply, Piedmont's inventory levels remain relatively tight. Transaction volume is up 117% compared to what's typically expected this time of year. A significant 28.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 30.8% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Piedmont market with the affordability index at 283.6. Based on current market indicators, home prices in Piedmont are projected to decrease by approximately 6.3% over the next month.