This Quarterly Providence SF real estate market report summarizes recent sales and listing activity using MLS-recorded transaction data from riar.

Metrics are derived directly from recorded listing and sales activity during the period and include measures of transaction volume, pricing trends, time on market, and buyer competition. The narrative is generated systematically from underlying data to provide a consistent, objective view of current market conditions.

On a year-over-year basis, pricing conditions in Q1 2026 were generally stable compared to 2025.

Sales activity cooled at 77 single-family listings sold, 18.1% lower than 94.

The median sale price was $395,250, down 4.1% from $412,000.

Homes spent a median of 64 days on market, up 7.6% from 59 days.

44% of homes sold above asking price, up from 32%, signaling stronger buyer competition.

Looking at quarter-to-quarter momentum, conditions shifted from the prior period.

Sales activity decreased 43.4% from Q4 2025, moving from 136 listings.

Home prices declined 7.9%, down from $429,000.

Sellers faced longer selling timelines, with time on market up 4.1% from 61 days.

Buyer competition intensified, with a greater share of homes selling above asking compared to the prior period.

Over the past 3 quarters, median sale prices for single-family properties have trended lower.