So though 2017 will bring in Providence Area sellers high prices for their homes, buyers of those homes are still benefiting from very reasonable monthly payments due to those low interest rates. Even if interest rates go up in the next year, that doesn’t mean that sellers will ask less for their homes, as it takes the market a while to adjust. read more
For Rhode Island’s luxury market, however, 2014 was a very good year. For homes priced at $2 million or above, sales volume was up by more than 20 percent, according to John Hodnett, principal broker/owner of Lila Delman Real Estate. This small segment of the market is largely fueled by buyers from out of state. read more
Providence Housing Market Information. With 179,219 people, 61,218 houses or apartments, and a median cost of homes of $201,770, Providence real estate values are some of the lowest in Rhode Island, although compared to real estate around the nation, Providence homes are still considered rather expensive. read more