The housing market in Narragansett Pier continues to see strong price appreciation, with values up 468.6% compared to last year. Home prices have increased 136.9% in the past month alone. With 3.5 months of supply, Narragansett Pier's inventory levels remain relatively tight. Homes are now taking an average of 206 days to sell, significantly longer than the 87 days typical for this market. A significant 28.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Narragansett Pier market with the affordability index at 3983.8. Based on current market indicators, home prices in Narragansett Pier are projected to decrease by approximately 51.3% over the next month.