Narragansett Pier's real estate market is experiencing a price correction, with values down 68.9% from last year. The median home price has fallen to $977,950, a significant 68.9% decrease year-over-year. With 10 active listings, inventory is 67% higher than seasonal norms. Transaction volume is up 200% compared to what's typically expected this time of year. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Narragansett Pier market with the affordability index at 1158.0. Based on current market indicators, home prices in Narragansett Pier are projected to decrease by approximately 8.3% over the next month.