This Quarterly Providence CN 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 mixed compared to 2025.

Sales activity cooled at 44 condo listings sold, 20.0% lower than 55.

The median sale price was $450,000, up 19.2% from $377,500.

Homes spent a median of 73 days on market, up 7.4% from 68 days.

45% of homes sold above asking price, down from 69%, suggesting easing buyer competition.

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

Sales activity decreased 33.3% from Q4 2025, moving from 66 listings.

Home prices increased 23.6%, up from $364,000.

Sellers faced longer selling timelines, with time on market up 28.1% from 57 days.

Buyer competition eased, with fewer homes selling above asking compared to the prior period.

A notable development this period: median sale prices reached their highest level on record.