This Monthly 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.

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

Sales activity strengthened at 42 multi-family listings sold, 40.0% higher than 30.

The median sale price was $700,000, up 13.8% from $615,000.

Homes spent a median of 65 days on market, up 10.2% from 59 days.

38% of homes sold above asking price, down from 43%, suggesting easing buyer competition.

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

Sales activity decreased 6.7% from July 2026, moving from 45 listings.

Home prices declined 2.8%, down from $720,000.

Sellers saw little change in time on market, holding near 64 days.

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