September – October Market Update
Rhode Island Market Update
Single-Family Homes • Friendly, plain-English snapshot by The Martone Group @ RE/MAX Properties
At 2.8 months, demand still outpaces supply. (Balanced market is ~4–5+ months.)
As of 8/10/2025
Prices are holding firm with a modest year-over-year rise.
Closings remain active for late summer.
Contract activity shows steady buyer demand heading into fall.
What’s going on in Rhode Island?
Inventory is growing slowly, but buyers still outnumber available homes. That’s why Months’ Supply sits at 2.8—well below the ~4–5 months we’d call “balanced.” Prices are steady with a gentle uptick year over year, and well-priced homes continue to move. In short: the market is more navigable than last year for buyers, yet it still leans toward sellers.
Why this matters (in everyday terms)
- More listings than last year, but not enough: Buyers have a few more choices, yet competition hasn’t disappeared.
- Prices are resilient: The median sits around the half-million mark, up modestly YoY.
- Well-priced homes sell: Clean, move-in-ready listings go quickly—especially if they’re staged and marketed well.
For Buyers
- Get fully pre-approved (not just pre-qualified) to move fast on the good ones.
- Ask us about strategic terms—credits, rate buydowns, or timing—that can strengthen your offer.
- Cast a slightly wider net on neighborhoods to find value while inventory improves.
For Sellers
- It’s still your market—price precisely to attract multiple strong buyers.
- Light prep goes far: fresh paint, tidy landscaping, minor fixes, and pro photos.
- Use our marketing (video, reels, tours) to maximize exposure the moment you list.