Providence Village's real estate market is experiencing a price correction, with values down 6.3% from last year. Home prices have decreased 2.4% in the past month. With 2.7 months of supply, Providence Village's inventory levels remain relatively tight. Transaction volume is up 37% compared to what's typically expected this time of year. A significant 44.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Providence Village market with the affordability index at 433.3. Based on current market indicators, home prices in Providence Village are projected to decrease by approximately 9.0% over the next month.