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RHODE ISLAND ASSOCIATION OF REALTORS®, INC.

"The Voice of Real Estate in Rhode Island"
Serving Rhode Islanders Since 1948
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Press Release

Contact: Kerry Park
Ph: 401-432-6948
Email: communications@riliving.com

 

Press Releases - 2013

January 2014

2013 A Year of Solid Growth in Rhode Island's Housing Market

Warwick, RI, January 30, 2014… Rhode Island sales of single family homes remained relatively flat in the fourth quarter of 2013, rising just one percent from the fourth quarter of 2012.  The median price of those sales rose three percent to $201,000.  Full Story

Inventory Reaches Multi-Year Low

Warwick, RI, January 29, 2014… Statistics released by the Rhode Island Association of Realtors show that the single family home median sales price rose eight percent in December from 12 months earlier, to $200,000. The number of sales however, fell by 2 percent. Full Story

Government Shutdown Affects November Sales

Warwick, RI, January 7, 2014... Single family homes sales activity slowed by 11 percent in November from 12 months prior, likely resulting from a combination of the October government shutdown which delayed many transactions, and rising interest rates and prices.  Full Story

November 2013

October Home Sales Stay Strong in RI

Warwick, RI, November 27, 2013... October was another good month for the Rhode Island housing market, with the number of single family home sales up 19 percent from the prior year and median price rising to $204,000 from $200,000 in October, 2012. Full Story

State-Wide Multiple Listing Service Announces New Officers and Directors

Warwick, RI, November 12, 2013... John Silvia of Portsmouth, RI has been installed as the 2014 President of the State-Wide Multiple Listing Service (MLS), an online information exchange for real estate professionals. Full Story

RI Association of REALTORS Announce 2014 Officers

Warwick, RI, November 12, 2013 …The Rhode Island Association of Realtors (RIAR) has announced that Robert Martin, Broker/Owner of Century 21 Crossroads in Woonsocket and Chepachet, has been elected the organization's 2014 President.  He assumes his duties of the 4000-member professional group this week. Full Story

Double Digit Housing Gains in the Third Quarter

Warwick, RI, November 5, 2013…Rising interest rates seemed to spur sales in the third quarter.  Single family home sales statistics released by the Rhode Island Association of Realtors (RIAR) today show a 19 percent gain in sales activity from the same time last year. Median price also made substantial gains, up ten percent to $218,200, thanks in large part to a decline in financially distressed sales. Full Story

October 2013

Berlinsky Named 2013 RI Realtor of the Year

Warwick, RI... October 31, 2013 - The Rhode Island Association of Realtors (RIAR) has announced that Richard Berlinsky of Equity Advisory Group and Appraisal Resource in East Greenwich was chosen by his peers as the 2013 Rhode Island Realtor of the Year. Full Story

RI Housing Sectors Show Strong Activity and Price Gains in September

Warwick, RI, October 31, 2013…September home sales were strong in Rhode Island according to statistics released today by the Rhode Island Association of Realtors.  Existing single family home sales increased 16 percent from September, 2012 and median price rose 14 percent to $209,900. Full Story

September 2013

Summer Home Sales Hot According to Realtor Sales Statistics

Warwick, RI, September 20, 2013… According to sales statistics released by the Rhode Island Association of Realtors today, the median price of single family home sales was $225,000, up 10 percent from August 2012. Single family foreclosure and short sales dropped to 16 percent of total sales – excluding those distressed sales, the median price was $245,000. Full Story

August 2013

July's RI Housing Market Shows Robust Rebound

August 22, 2013, Warwick, RI – Seven months into the year, the Rhode Island real estate market continued to show signs of significant recovery with existing single family home sales rising 22 percent in July from 12 months earlier and median price rising to $216,000 from $207,000 in July, 2012. Full Story

July 2013

RI Sees Strong Gains in Second Quarter Housing Market

Warwick, RI - July 30, 2013... Median single family home price rose to $209,900 in the second quarter, up 10 percent from April through June, 2012 and the highest second quarter median price since 2010, when sales and median price saw a boost thanks to the homeowners' tax credit then in effect.  Full Story

RI Housing Market Takes Off

Warwick, RI - July 26, 2013... Signs of the housing slump seem to be a distant memory, according to statistics released today by the Rhode Island Association of Realtors.  The single family home median price soared by 19 percent since June, 2012, to $240,000, marking the highest median sales price seen since July, 2008, before the housing downturn occurred. Full Story

June 2013

Rhode Island Housing Market Hits Recovery Milestone in May

Warwick, RI - June 25, 2013... In real estate circles, a six-month supply of properties for sale is considered a healthy market which reflects a balancedalignment between demand created by buyers and supply of homes listed by sellers. After years of excess supply, the Rhode Island housing market finally hit that equilibrium in May in all categories of housing - single and multi-family homes, and condos.  It appears that sharp declines in foreclosures and short sales have helped to alleviate the state’s prior housing woes. Full Story

May 2013

Healthier Spring Selling Season for RI Housing Market

Warwick, RI - May 30, 2013... Rhode Island’s housing market continued to show progress in April with the number of sales of single family homes up seven percent from April, 2012 according to data released today by the Rhode Island Association of Realtors.  The median price of $180,000 was three percent higher than a year ago owing to a 22 percent reduction in the number of foreclosure and short sales. Full Story

April 2013

Median Price Continues to Tick Up as Distressed Market Shrinks

Warwick, RI, April 30, 2013…The uptick in median sales price of single family homes that began late last year continues according to first quarter sales statistics released today by the Rhode Island Association of Realtors. This year's median price of $185,000 was seven percent higher than the median price reported in the first quarter of 2012. Full Story

Home Prices Continue to Rise

Warwick, RI, April 26, 2013…The median price of single family home sales rose nine percent in March from a year ago, to $190,000 according to statistics released today by the Rhode Island Association of Realtors. The single family median sales price has also increased from month to month since January, when it was $175,000. Full Story

March 2013

Double Digit Growth for RI Home Price in February

Warwick, RI, March 28, 2013 - Rhode Island's single family home sales showed double digit price appreciation from a year earlier in February, with median price rising from $170,000 to $189,500. February marked the fifth consecutive month of increasing prices. Full Story

Condo Market Shows Strong Gains in January

Warwick, RI, March 1, 2013…Rhode Island condominium sales soared in January according to data released today by the Rhode Island Association of Realtors (RIAR).  The number of condos sold rose 60 percent from January, 2012 while sales under contract but not yet closed rose two percent. Full Story

February 2013

Housing Market Pointed in Right Direction for 2013

Warwick, RI, February 1, 2013…..While the median price of all 2012 single family home sales fell slightly from the prior year in 2012, the year closed on a positive note with both median price and sales activity on the upswing in December.  The price gains are a result of diminishing inventory which has led to a market balanced between buyers and sellers for the first time since the housing downturn began.  Full Story

January 2013

Single Family Home Sales and Prices Rise in Fourth Quarter

Warwick, RI, January 23, 2013…Despite a quarter hampered by Hurricane Sandy, Rhode Island single family home sales soared and prices rose in the fourth quarter of last year according to statistics released today by the Rhode Island Association of Realtors (RIAR). Full Story