The Warwick real estate market is beginning to find its balance after several years of strong seller conditions. For single-family homes, we are currently seeing approximately 6 months of inventory, which means that if no new homes came onto the market, it would take about six months to sell the homes currently available based on the current pace of sales. A market around this level is generally considered a more balanced market giving buyers more choices while still providing opportunities for well-positioned homes to sell.

Over the past 12 months, inventory has increased by 13%, which is an important shift. More available homes mean buyers have more negotiating power and sellers need to be more strategic with pricing, condition, and presentation. While this does not mean home values are declining, it does mean that pricing a home correctly from the start is more important than ever. Homes that are updated, well-maintained, and priced competitively are still attracting attention, while overpriced homes may take longer to sell or require adjustments.

The Warwick market remains desirable, but we are moving away from the “name your price” environment we experienced in recent years and into a market where preparation, strategy, and local expertise matter.