Rhode Island Housing Market: The First Clear Softening
Posted by Tim Bray on
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Rhode Island Housing Market: The First Clear Softening
Rhode Island Housing Market: The First Clear Softening
For nearly four years, Rhode Island real estate has been tight—fast sales, multiple offers, and firm pricing. The latest data shows the first meaningful loosening: inventory is building faster than new contracts in many areas, especially along the coast.
The Key Metric: A/P (Active-to-Pending Ratio)
At Seaport Real Estate Services, we watch Active-to-Pending (A/P) as a clear read on market pressure:
- A/P < 1.0 → more homes under contract than for sale: seller’s market
- A/P ≈ 1.0 → supply ≈ demand: balanced market
- A/P > 1.0 → inventory outpacing contracts: tilting toward buyers
Statewide Rhode…
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