Providence Village's real estate market is experiencing a price correction, with values down 13.5% from last year. The median home price has fallen to $303,542, a significant 13.5% decrease year-over-year. With 85 active listings, inventory is 98% higher than seasonal norms. Homes are now taking an average of 63 days to sell, significantly longer than the 29 days typical for this market. A significant 29.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 10.7% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Providence Village market with the affordability index at 276.7. Based on current market indicators, home prices in Providence Village are projected to decrease by approximately 19.4% over the next month.