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Press Release

Contact: Kerry Park
Ph: 401-432-6948

Press Releases


March 2023

Starter homes scarce in R.I.'s housing market

Warwick, R.I. - March 17, 2023 - February’s single-family home median sales price of $384,000 was 4.4% higher than that seen a year earlier according to statistics released by the Rhode Island Association of Realtors. The data, which represents all Realtor-assisted sales transacted through State-Wide Multiple Listing Service, a subsidiary of the Association, also showed a 29.4% drop in sales year-over-year, and a 21.2% decrease in contracts in progress but not closed as of the end of February. Full Story

February 2023

R.I.’s housing supply remains critically low at start of 2023

Warwick, R.I. – February 17, 2023 – January home sales in Rhode Island continued the trends seen throughout 2022 of year-over-year gains in median price despite slowing sales. Data recently released by the Rhode Island Association of Realtors portrayed a 5.8% hike in the median price of single-family home sales and a 39.1% drop in sales activity compared to January 2022. Full Story

Continued slowdown of R.I.'s 2022 housing market in Q4

Warwick, R.I. – Feb. 1, 2023 – Home sales data recently released by the Rhode Island Association of Realtors relay a Q4 2022 median single-family home sales price of $400,000 which represented a 6.7% year-over-year gain, while the number of closed sales fell 32.7%. 2094 homes sold in the last three months of 2022 compared to 3113 in the fourth quarter of 2021. Full Story

January 2023

2022 closes with continued drop in R.I. home sales

Warwick, R.I, -- January 18, 2023 – Single-family home sales data released today by the Rhode Island Association of Realtors relayed a 41.4% year-over-year drop in December in closed transactions compared to one year earlier. And, while the median price of those sales still showed a 4% annual gain, the rate of appreciation has decreased considerably throughout the second half of 2021. Full Story


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