The Providence housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 42.5% in the past month. With 3.1 months of supply, Providence's inventory levels remain relatively tight. Homes are taking about 40 days to sell, which is -23 days longer than this time last year. Only 7.1% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Providence market with the affordability index at 301.3. Based on current market indicators, home prices in Providence are projected to decrease by approximately 10.6% over the next month.