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 August 2026 were mixed.

Sales activity softened at 19 condo listings sold, 5.0% lower than 20.

The median sale price was $455,000, up 7.1% from $425,000.

Homes spent a median of 69 days on market, up 21.1% from 57 days.

53% of homes sold above asking price, down from 60%, suggesting easing buyer competition.

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

Sales activity decreased 20.8% from July 2026, moving from 24 listings.

Home prices increased 11.1%, up from $409,500.

Sellers found buyers more quickly, with time on market down 5.5% from 73 days.

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