This Monthly 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.

Compared with the same month last year, pricing conditions in May 2026 were mixed.

Sales activity strengthened at 24 condo listings sold, 20.0% higher than 20.

The median sale price was $509,500, up 32.3% from $385,000.

Homes spent a median of 49 days on market, up 16.7% from 42 days.

50% of homes sold above asking price, up from 35%, signaling stronger buyer competition.

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

Sales activity increased 20.0% from April 2026, moving from 20 listings.

Home prices increased 22.8%, up from $415,000.

Sellers found buyers more quickly, with time on market down 20.3% from 62 days.

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