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Providence–Warwick August 2025 Housing Market Report

Providence–Warwick, August 2025: What’s going on?
Think of today’s market like a busy store late in the season: still active, but not as frantic as peak summer. August had fewer closings than July, yet buyers enjoyed more homes to choose from than a year ago. Prices didn’t surge—they held steady and nudged up a bit year-over-year. Homes are still selling near asking price and inventory remains low enough that sellers keep a slight edge. If you’re buying, this is a better window for careful shopping and smart negotiation. If you’re selling, pricing right and showing well are the name of the game—do those, and you’ll attract serious offers quickly. Data in the snapshot below breaks it down card-by-card so you can skim what matters most.

Providence–Warwick Market Snapshot

August 2025 • Closed metrics as of Sept 8, 2025

Quick take: Fewer closings vs. July, inventory roughly flat month-over-month but still up vs. last year, prices steady with a small YoY gain. Days on market ticked down from July.

# of Transactions
1,293
-6.6% vs Jul
-0.8% YoY
Aug: 1,293Jul: 1,384
Active Inventory
2,214
-0.7% vs Jul
+20.2% YoY
Aug: 2,214Aug ‘24: 1,842
New Listings
1,659
-6.7% vs Jul
-0.1% YoY
Months Supply
1.7
-2.4% vs Jul
↑ from 1.5 YoY

Under ~4–5 months = seller-leaning. At 1.7, the market still favors sellers, though trending slightly looser than last year.

Days on Market (Median)
34
-5.5% vs Jul
from 31 YoY
Median Sold Price
$499,000
-0.2% vs Jul
+2.9% YoY
Median List (New Listings)
$499,900
-5.5% vs Jul
+2.2% YoY
List-to-Close Price Ratio
99%
-0.6 pp vs Jul
-1.1 pp YoY

On average, homes are closing at ~99% of list—still tight, but slightly less over-ask pressure than last year.

What this actually means

  • Sales dipped from July: Fewer closings month-over-month is common seasonally. Demand is still there, just not as frantic as midsummer.
  • More homes than last year: Active listings are up ~20% YoY. You have more options now than a year ago.
  • Prices are steady-to-up: Median sold price is basically flat vs. July and ~3% higher than last year—evidence of a resilient market.
  • Still a seller-leaning market: 1.7 months of supply is well below a balanced ~4–5 months.
  • Homes sell near ask: 99% list-to-close means pricing right still matters; big over-ask frenzies are less common than in 2024.

For Buyers

  • Inventory is higher than last year—more choice, fewer bidding wars.
  • With 99% list-to-close, the best deals come from strategic offers on homes priced a tad high or sitting longer.
  • Have your pre-approval ready and ask us about concessions or rate-buydowns when appropriate.

For Sellers

  • It’s still a seller-leaning market (1.7 months of supply), but pricing precision matters more than last year.
  • Homes selling near 99% of list: start with a data-driven price, prep well, and you’ll attract serious buyers quickly.
  • Consider light improvements and professional marketing to stand out as inventory grows.
Source: Providence–Warwick, RI-MA metrics for August 2025 (Closed metrics as of Sept 8, 2025). Martone Group interpretation.

Written by Cody Herlihy on . Posted in Market Updates, Real Estate

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