Providence & Village on the Green –

August Market Report

Market Overview (as of 26 Aug 2025)

The Providence and Village on the Green area showed steady movement in August, with a balanced mix of builder, owner-occupant, and estate sales. While homes are still selling close to list price, days on market have begun to stretch, signaling a shift as we head into the fall and winter seasons.

📊 Market Snapshot – August

  • Closed Sales: 4

  • Pending/Under Contract: 10

  • Active Listings: 9

  • Median Sale Price: $437,500

  • Highest Sale in August: $539,000

  • Highest Sale Price to List Price Ratio: 100%

  • Fastest Sale: 1 Day

  • Average Sale-to-List Price Ratio: 99.3%

  • Days on Market:

    • Median: 25

    • Average: 32

  • Sales Mix: Builder/Developer, Owner-Occupant, Estate/Trust

🏡 Context & Trends

  • Builder Activity: Fischer Homes continues construction, with a Camden ranch (3BR, 2BA) listed on Wexler for $529,000. John Henry has yet to break ground on any of the empty lots on the Eagle Side of the community.

  • Ranch Market: Three ranch homes under contract in the $450,000 range highlight buyer demand for single-story living.

  • Month-by-Month Sales Recap:

    • April 2025: 9 sales | Avg. DOM: 2 | Mostly at/above asking

    • May 2025: 11 sales | Median DOM: 1 | Avg. 101% of asking

    • June 2025: 12 sales | Median DOM: 3 | Avg. 100.26% of asking

    • July 2025: 7 sales | Median DOM: 2 | Avg. 99.81% of asking

    • August 2025: 4 sales | Median DOM: 9 | Avg. 99.32% of asking

Analytical Insights

We’re seeing two subtle shifts:

  1. Prices are softening slightly — still very strong, but trending from over-asking toward just under asking.

  2. Days on market are climbing — moving from 1–3 days this spring to 9+ days by August.

This is likely a mix of seasonality (fall and winter markets traditionally slow as families settle into school routines) and uncertainty in the broader market. Encouragingly, there are still no signs of expired listings, which suggests sellers are finding buyers without needing major price cuts.

Takeaway

The Providence and Eagle Point markets remain resilient, though buyers are taking a little more time and negotiating slightly more. Sellers planning to list this fall should expect longer days on market compared to the spring frenzy, but the absence of expired listings shows continued healthy demand. the Amount of homes for sale in the neighborhood are continuing to be lower that the buyer demand. For buyers, the seasonal slowdown may present opportunities to secure a home with less competition while inventory is gradually rising.

Comments, Questions or Suggestions

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