Valley's real estate market is experiencing a price correction, with values down 17.7% from last year. Home prices have increased 4.0% in the past month alone. With 5.3 months of supply, Valley's inventory levels remain relatively tight. Homes are now taking an average of 57 days to sell, significantly longer than the 25 days typical for this market. Only 12.5% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Valley market with the affordability index at 88.8. Looking ahead, the Valley market is expected to maintain its current trajectory with relatively stable conditions.