RHODE ISLAND ASSOCIATION OF REALTORS®, INC. "The Voice of Real Estate in Rhode Island" Press ReleaseContact: Kerry Park |
Press ReleasesJanuary 2022 Realtors report critical shortage of homes for sale in DecemberWarwick, 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 December 2021 RI single-family home sales fall from a year ago but remain strongWarwick, R.I. – December 15, 2021 -- The median price of single-family homes sold in Rhode Island last month climbed 16.1 percent from 12 months earlier, to $375,000. Sales activity however, continued to fall for the fifth consecutive month. The number of closings fell by 8.2 percent, though those put under contract but not closed in November, rose 2.7 percent, an indication that future closing activity should increase. Full Story November 2021 Realtors report restrained activity in R.I.’s housing marketWarwick, R.I. – November 19, 2021 -- October sales data released today by the Rhode Island Association of Realtors portrays a housing market that continues to slow. Single-family home sales fell 22.3 percent from October 2020 but despite the slowdown in activity, the median price continued to climb, rising by 12.7 percent year-over-year. Full Story R.I. Association of Realtors Announces 2022 OfficersWarwick, R.I. – November 18, 2021 -- The Rhode Island Association of Realtors announced today that Agueda Del Borgo, Broker and Principal of Places and Spaces Realty in Providence, was recently installed as the 2022 president of the Rhode Island Association of Realtors. Full Story Chris Whitten Chosen as 2021 R.I. Realtor of the YearNovember 5, 2021 -- Warwick, RI - Christopher Whitten of Premeer Real Estate was chosen by his peers as the 2021 Rhode Island Realtor of the Year. The award recognizes one of more than 6000 Realtors throughout Rhode Island for their dedication to the Realtor organization and their local communities. The statewide winner is chosen from the winner of five regional Realtor of the Year awards. Full Story October 2021 R.I. home prices continue to climb, sales of single-family homes slowWarwick, RI – October 20, 2021 -- Residential property prices in Rhode Island continued to escalate in the third quarter, though the first signs of a slowing housing market became apparent. Data released today by the Rhode Island Association of Realtors showed that at $385,000, the median price of single-family homes sold from July through September was 15 percent higher than that of the third quarter of 2020 and reached an all-time quarterly high. Accompanying that price increase, however, was an 8.4 percent slowdown in closed sales from the previous year. Full Story September 2021 R.I. home prices continue to climb, sales of single-family homes slowWarwick, R.I. – September 16, 2021 --The median price of single-family homes sold in Rhode Island reached a new peak last month, according to data recently released by the Rhode Island Association of Realtors. At $390,000, the median sales price rose 17.1 percent from 12 months earlier and 1.6 percent from the previous month. Prices have not fallen from the prior year since January 2017. Full Story August 2021 Activity begins to wane in R.I.’s housing marketWarwick, R.I. – August 19, 2021 -- While the median price of single-family home sales continued to climb in Rhode Island, July sales data released today by the Rhode Island Association of Realtors showed a slowdown in sales activity from the prior year. The median price of $384,000, was 16 percent higher than that of July 2020 and the number of homes available for sale was 20 percent lower. Full Story Out-of-state home buyers flock to R.I. in second quarterWarwick, R.I. – August 3, 2021 -- RI Realtors recently released second-quarter home sales statistics which show a marked increase in buyers from other states who purchased in the Ocean State. Out-of-state buyers of single-family homes, multifamily homes and condominiums during April through June increased 69 percent from the same period last year. Full Story July 2021 R.I.’s housing shortage sees some relief in JuneWarwick, R.I. – July 14, 2021 -- The Rhode Island Association of Realtors released June sales statistics today which portray another double-digit, year-over-year increase in price. At $385,000, June’s median sales price of single-family homes represents a 24.6 percent gain since June of last year and a 5.5 percent gain from the previous month. Full Story June 2021 Realtors Report R.I. Housing Inventory VanishingWarwick, R.I. – June 16, 2021 – Double-digit appreciation continued in Rhode Island’s housing market last month. The median sales price of single-family homes rose to $365,000, an 18 percent gain since May 2020. Full Story May 2021 Depleting Supply Causes Rhode Island Home Prices to SkyrocketWarwick, R.I. – May 18, 2021 -- Once again, the Rhode Island Association of Realtors reported an all-time high in Rhode Island’s monthly median sales price of single-family homes. April’s median price was $349,000, an 18.1 percent gain from April of 2020. Full Story John Breault, Vice President of MLS, appointed to NAR MLS Association Executive Advisory BoardWarwick, R.I. – May 5, 2021 — John Breault, Vice President of MLS & Member Services for the Rhode Island Association of Realtors (RIAR) and State-Wide Multiple Listing Service (MLS), was recently appointed to the National Association of Realtors MLS Association (NAR) Executive Advisory Board. Full Story April 2021 Inventory Shrinks Further in R.I.’s Housing MarketWarwick, R.I. – April 15, 2021 -- Today, the Rhode Island Association of Realtors announced that in terms of supply, the start of the 2021 home selling season has been the leanest on record. With just 1192 single-family homes on the market in Rhode Island, the current inventory is approximately 25 percent less than the previous monthly record low of 1594 in the spring of 2002. Full Story March 2021 Rate of sales moderating in R.I.’s housing marketWarwick, RI -- March 19, 2021 - February home sales data released today by the Rhode Island Association of Realtors shows evidence of a moderating market. While still up over last year, the year-over-year increase in single-family home sales fell to just two percent in February, compared to a seven percent increase in January and a more than 20 percent gain in the months of September through December 2020. Full Story February 2021 January housing market remains strong but out-of-state buyer interest wanesWarwick, RI -- February 18, 2021 – Single-family home sales continued to rise year-over-year according to January sales data released today by the Rhode Island Association of Realtors, though at a more moderate rate. The Ocean State saw a seven percent increase in sales compared to January 2020, following four months of double-digit growth. Full Story January 2021 RI housing market set to see continued strengthWarwick, RI --January 22, 2021 – The Rhode Island Association of Realtors released December and fourth quarter home sales statistics today, which portrayed skyrocketing activity in the Ocean State’s housing market at the end of 2020. Full Story New heights reached in R.I.’s housing market in 2020Warwick, RI – January 15, 2021 -- For obvious reasons, 2020 was one for the record books and housing sales certainly stood out among them. With more single-family home sales than ever before, Rhode Island’s housing market soared despite a worldwide pandemic and historically low inventory levels. Sales statistics released today by the Rhode Island Association of Realtors, point to a single-family home market which saw a year over year gain of 5.1 percent in closed transactions and an increase of 12.3 percent in median price. Full Story
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