This Quarterly Providence MF 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 strengthened at 79 multi-family listings sold, 11.3% higher than 71.

The median sale price was $625,000, down 1.2% from $632,500.

Homes spent a median of 66 days on market, down 2.2% from 68 days.

29% of homes sold above asking price, down from 41%, suggesting easing buyer competition.

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

Sales activity decreased 7.1% from Q4 2025, moving from 85 listings.

Home prices were largely unchanged, holding near $627,500.

Sellers faced longer selling timelines, with time on market up 15.8% from 57 days.

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