The Providence Village housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 5.4% in the past month alone. With 3.5 months of supply, Providence Village's inventory levels remain relatively tight. Homes are taking about 47 days to sell, which is 15 days longer than this time last year. A significant 75.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 10.0% 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 488.2. Based on current market indicators, home prices in Providence Village are projected to decrease by approximately 4.4% over the next month.