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Fall House Hunt: Providence’s housing market has weathered the pandemic quite well – Buying, Fall House Hunt

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Boston’s home buyer migration into the suburbs — and into the Ocean State — continued during the pandemic.

Residents of Boston’s urban core looked for more space afforded by single-family homes in suburbia, but that urban exodus appears to have affected only Massachusetts’ largest city and not Rhode Island’s.

Vacancies at apartment and condo buildings rose nationally over the past year but not in Providence — which had a 2.2 percent vacancy rate at the end of the second quarter compared with the 5.2 percent national average, according to CoStar data.

The 518 single-family home sales recorded in 2021 in Providence as of July were more than half what the city saw in all of 2020 (916), indicating that it will surpass last year’s annual tally, according to The Warren Group, a real estate analytics firm. But the most impressive…

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