The Pike Road housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 13.2% in the past month. With 5.2 months of supply, Pike Road's inventory levels remain relatively tight. Homes are taking about 107 days to sell, which is -38 days longer than this time last year. Only 9.6% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 5.6% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Pike Road market with the affordability index at 372.1. Based on current market indicators, home prices in Pike Road are projected to decrease by approximately 26.6% over the next month.