FALLing MARKET?

Is Fall of 2025 going to be an indicator of what lies ahead for the Rhode Island real estate market?

As mortgage rates to continue to hold “steady”, with only slight decreases happening, buyers are hesitating. Sellers are still waiting for the “bidding wars”, and Real Estate agents are navigating the process.

When the median price point hit $524k in Rhode Island in May, we saw a slight decrease in activity. Buyers are being forced to either remain renting, living with their parents, OR moving forward with a higher than expected house purchase.

This hesitation has led to “slow sales”. Three major factors affect the market: Divorce, Debt, and Death. If one of the three D’s happen, a property is Sold.

The other reasons, of “upsizing” or “downsizing”, still take place, but at a much lower level.

So, what can we now expect heading into the Fall Market?

~ The buzz of the Feds lowering the interest rates may play a role in whether or not the RI market will see an uptick in activity

~ The end of the year always brings on new activity - buyers “refuse to pay rent another year” or sellers “don’t want the responsibility and expense of owning this home next year”

~ The house prices are starting to decrease on average 5-10%. Is it enough to get folks “off the fence”?

If you are considering making a move, is Fall the right time to Buy or Sell? Contact me to discuss YOUR options: 401-378-3000.