WHAT TO KNOW ABOUT BUYING AND SELLING IN RHODE ISLAND IN 2026

Thinking about making a move in 2026? Whether you’re buying, selling, or just keeping an eye on the market, here’s a simple breakdown of what’s happening in Rhode Island real estate and what it actually means for you.

Home Prices Are Still Rising, Just More Gradually

Home prices across Rhode Island are still strong, but the pace has definitely cooled compared to the last few years. According to Zillow, the average home value statewide is around $480K, with modest appreciation expected to continue through 2026.

The good news? Prices aren’t jumping wildly from month to month anymore, which makes things feel a bit more predictable for both buyers and sellers.

There Are Still More Buyers Than Homes

Inventory is still tight across most of the state. Data from the Rhode Island Association of Realtors shows Rhode Island sitting at about two months of housing supply, which keeps competition alive, especially in popular towns and common price ranges.

What this means:

• Buyers: Being prepared and ready to move matters

• Sellers: Well-priced, well-presented homes are still in demand

Mortgage Rates Are More Predictable

According to the National Association of Realtors, mortgage rates in 2026 are expected to remain relatively stable, mostly in the mid-6% range. While that’s not historically low, the consistency helps buyers plan and removes some of the uncertainty we’ve seen in recent years.

Quick Tips for 2026

For Buyers:

• Get pre-approved early

• Know your must-haves vs. nice-to-haves

• Be ready to act when the right home pops up

For Sellers:

• Price based on recent local sales

• Prepare your home before listing

• Expect buyers to compare multiple options

Final Thought

The Rhode Island market in 2026 rewards preparation. Whether you’re buying or selling, understanding local trends, not just national headlines, makes all the difference. If you’re thinking about making a move or just want insight specific to your town, we’re always happy to help!