Inventory in Misquamicut has expanded notably in this rolling three-month view. Active listings are up more than one and a half times compared with a year ago, and new listings have surged by over 150 percent. Even with more choices on the market, homes are still moving, with pending sales rising around 21 percent year over year.
Contract activity has picked up alongside this inventory growth. Homes sold in the latest three-month period increased by about 27 percent from a year earlier, while the median days on market dropped sharply from 60 days last September to just 15 days now, a decline of 45 percent. Months of supply has also climbed significantly year over year, reaching 6.4 months, indicating buyers now have more options even as homes that do sell are going under contract more quickly.
Pricing is adjusting to these shifting conditions. The typical home value is down slightly, about 1 percent compared with last year, while the median list price has fallen more noticeably, dropping more than 20 percent year over year. Despite this, sellers are still achieving strong results, with about 40 percent of recent sales closing above list price and the average sale-to-list ratio just over 100 percent. Whether you want to compete as a buyer or position your home effectively as a seller, Agent Pronto can connect you with a local Misquamicut agent who understands these trends.
