Is the housing market slowing down in Providence, RI?
Yes — sales activity in Providence, RI is down. 1,157 homes sold during May 2026, against 1,423 in the same months a year earlier, a drop of 19%.
This page is about how many homes changed hands, not what they cost. The two move separately: prices are set by the homes that did sell, and volume tells you how many people managed to transact at all. A market can hold its prices while activity quietly drains out of it.
The change clears both tests we require before naming a direction: it is more than 3% in relative terms, and it is larger than the ordinary month-to-month variation you would expect on a market that sells 1,157 homes at a time.
The longer view, all measured over the May window so the season is held constant: 1,341 homes sold two years ago, 1,423 last year, 1,157 now. Activity is meaningfully below where it was two years ago.
What is on the shelf next to what is selling: 2,848 homes were on the market in Providence, RI, and 1,157 sold. At that pace it would take about 2.5 months to clear them all. There are more buyers than homes for sale. Sellers have the edge.
Every comparison on this page is to the SAME calendar months a year earlier, never to last month. Home sales roughly double between January and May in most of the country, so a month-over-month reading would tell you about the season and nothing about the market.
Source: Redfin's published market data for the Providence, RI area, through May 2026.
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More about the Providence, RI market
- When is the best month to sell a house in Providence, RI?
- How long does it take to sell a house in Providence, RI?
- Do homes sell above asking price in Providence, RI?
- Are home prices going up or down in Providence, RI?
- Is Providence, RI a buyer's market or a seller's market?
- Are sellers cutting prices in Providence, RI?
- What is the average home price in Providence, RI?
- How many homes are for sale in Providence, RI?
- All Providence, RI housing numbers
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Figures come from Redfin's published market data for the Providence, RI area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.