Valley's real estate market is currently hot with low inventory and high demand. The median home price of $195,700 represents a substantial 30.5% increase from this time last year. With 3.1 months of supply, Valley's inventory levels remain relatively tight. Transaction volume is up 50% compared to what's typically expected this time of year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Valley market with the affordability index at 163.2. Based on current market indicators, home prices in Valley are projected to decrease by approximately 13.4% over the next month.