Press Releases

July 2022

R.I. Median Home Sales Price Continues to Rise Year-Over-Year

Warwick, R.I. – July 20, 2022 – Second quarter home sales data released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service, displayed a continued trend of waning sales that started in the third quarter of last year. Closed transactions fell 14.1% in the second quarter of this year from the same time in 2021. Full Story

R.I. Home Prices Continue to Climb Despite Falling Sales

Warwick, R.I. - July 14, 2022 – June home sales statistics reveal a changing housing market in Rhode Island, one marked by prices which continue to escalate despite a five-month downward trend in single-family home sales. Full Story

June 2022

Rhode Island’s supply of homes up slightly in May

Warwick, R.I. – June 16, 2022 –Single-family home sales fell year-over-year by 8% in May while the median price of those sales rose 14.8%, to $419,000. Inventory continued to increase for the third consecutive month to a 1.5-month supply. While still well below the six-month supply indicative of a balanced market, May’s inventory of single-family homes for sale was the highest it has been since October of last year. The supply of homes available for sale takes into consideration the number of listings on the market in a given month and the rate of sales. Full Story

May 2022

R.I. Median Home Price Tops $400K in April

Warwick, R.I. – May 19, 2022 – The median sale price of single-family homes sold in Rhode Island in April was $420,000, a 20.3% gain from 12 months earlier and the first time the median sales price has risen to $400,000 or above. The increased prices, along with rising interest rates, has caused sales to decline compared to the previous year, for the third consecutive month. Full Story

April 2022

R.I.’s housing inventory hits new low in first quarter

Warwick, R.I. – April 28, 2022 – The $375,000 median price of single-family homes sold in Rhode Island from January through March represented a 13.7% increase from the same time last year. In a statement released today, the Rhode Island Association of Realtors also noted historically low inventory in the first quarter. Full Story

Slow Start to R.I.’s Spring Home Selling Season

Warwick, R.I., April 19, 2022 – In March, Rhode Island’s supply of single-family homes for sale continued to fall from a year earlier, causing prices to continue their double-digit ascent. According to the Rhode Island Association of Realtors, the supply of homes for sale last month was 62% less than it was in March of 2020. Full Story

March 2022

R.I.’s housing inventory falls to new record low

Warwick, R.I.—March 17, 2022 – The Rhode Island Association of Realtors reported today that sales fell among all residential property types in February, while prices continued to climb in Rhode Island’s housing market.

With just 789 single-family homes for sale last month, the supply reached a record-breaking low since 1998, the year the Association began keeping inventory records. The number of single-family homes for sale fell 30.6% from February 2021, and 67.6% from 2020, just before the pandemic began. Full Story

February 2022

Unexpected Surge in R.I. Home Sales in January

Warwick, R.I. – February 17, 2022 – Single-family home sales in Rhode Island increased 5.4% year-over-year in January, after falling in the last six months of 2021. Though the strong start in this year’s housing market appears to be a reversal in the moderating sales trend that started last summer, pending sales - those homes put under contract in January but not closed within the month - fell by 4%. Full Story

2021 Another Record-Breaking Year in R.I.’s Housing Market

Warwick, R.I. – February 3, 2022 – Rhode Island’s housing market continued to break records in 2021, fueled by high buyer demand which was intensified by buyers from other states. Last year, Rhode Island Realtors transacted nearly $7.9 billion in residential sales through State-Wide Multiple Listing Service, the listing data exchange owned by the Rhode Island Association of Realtors. Full Story

January 2022

Realtors report critical shortage of homes for sale in December

Warwick, R.I. – January 20, 2022 -- Data from State-Wide Multiple Listing Service, a subsidiary of the Rhode Island Association of Realtors, shows that there was less than a one-month supply of homes available for sale at the end of December, far below the six-month supply that typically characterizes a market balanced between supply and demand. December was the second month this year that inventory levels fell below the one-month mark. Full Story

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