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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: kerry@rirealtors.org

Press Releases

All press releases can be found on rirealtors.org

 

May 2024

R.I. home sales rise heading into spring sales season

Warwick, R.I. -- May 17, 2024 -- Rhode Island’s spring housing market started off with increased activity last month. The Rhode Island Association of Realtors reported that year-over-year sales of single-family homes rose by 6.3% from the previous April, marking just the second time since the beginning of 2022 that monthly sales have outpaced those of 12 months earlier. Full Story

April 2024

REALTORS Release March and Q1 Sales Data

Warwick, R.I. -- April 18, 2024 -- Though February brought a brief year-over-year hike in single-family home sales in Rhode Island, March resumed the trend of declining activity which has become the norm since 2021. The available supply of homes on the market remains critically low going into the spring selling season.  Full Story

March 2024

Realtors Report R.I.’s Home Sales Increased for the First Time in Two Years

Warwick, R.I. – March 19, 2024 – The Rhode Island Association of Realtors reported that February sales of single-family homes experienced the first year-over-year increase in over two years. Despite the 13% uptick in sales from February of last year, which followed a drop in mortgage rates, closing activity remained well below normal. Full Story

February 2024

Rhode Island home sales pick up at the beginning of the year

Warwick, R.I. – February 15, 2024 – The rate of decline in year-over-year home sales that plagued 2023 showed marked improvement in January, falling just 4.3% compared to the double-digit drops in sales activity recorded throughout each month last year. The data reflected all Realtor-assisted sales transacted through State-Wide Multiple Listing Service, a subsidiary of the Rhode Island Association of Realtors. Full Story

January 2024

R.I.’s December Home Sales Data Shows Potential Uptick in Activity in 2024

Warwick, R.I. – January 19, 2024 – In December, Rhode Island’s median sale price of single-family homes jumped 9.5% from 12 months earlier, more than twice the level of year-over-year appreciation seen at the end of 2022. Last fall’s high interest rates kept sales activity suppressed, while the continued shortfall of inventory kept prices elevated. The Rhode Island Association of Realtors reported a December median sale price of $427,000. Full Story

View 2023 archive »