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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
Cell: 401-207-4502
Email: kerry@rirealtors.org

 

Press Releases

September 2020

R.I. Median Home Price Rises for 43rd Consecutive Month

Warwick, R.I. – September 16, 2020 – The Rhode Island Association of Realtors reported a double-digit increase in the median sales price of single-family homes in August, marking the 43rd consecutive month in which the median price of monthly sales rose or stayed the same from the previous year. At $333,164, the median price in August represented a jump of 12.9 percent from August of 2019. While median price represents the mid-point of all sales, not appreciation or depreciation of specific homes, it does reflect the trend in the market overall. Full Story

August 2020

Median price of R.I. single-family homes sees double-digit increase in July

Warwick, R.I. – August 17, 2020 – Rhode Island’s median home sale price typically hits an annual peak over the summer months and this year has been no exception. Sales data released today by the Rhode Island Association of Realtors show that the median price of single-family homes sold in July rose to $331,825, an 11.5 percent gain from July of 2019 and a 7.3 percent jump from the prior month. Full Story

Second quarter median price of R.I. single-family homes tops $300K

Warwick, RI – August 12, 2020 – Today, the Rhode Island Association of Realtors released second quarter sales data from its subsidiary, State-Wide Multiple Listing Service.  While property sales were down considerably given the statewide shutdown during the second quarter, the  median price of closed sales continued to rise. At $303,750, the median price of single-family homes topped the $300,000 quarterly mark for the first time, rising 4.2 percent from the second quarter of 2019. Single-family home closing activity dropped 19.7 percent. Full Story

July 2020

Pandemic impact on sales diminishing in R.I.’s housing market

Warwick, R.I. – July 15, 2020 –While Rhode Island’s single-family home sales dropped 14.6 percent year-over-year in June, the decline was a significant improvement to the prior month when sales fell by more than 30 percent compared to 12 months earlier.  A review of month-to-month sales data from the Rhode Island Association of REALTORS also portrayed diminishing impact from COVID-19.  Full Story

June 2020

Stay-at-home order curbs Rhode Island home sales in May

Warwick, R.I. – June 15, 2020 – The median price of single-family homes sold in Rhode Island hit a new record last month. May’s price of $309,500 was the third time in a year that Rhode Island’s median sales price topped the $300,000 threshold. Full Story

May 2020

Realtors report effects of pandemic on R.I housing market

Warwick, R.I. – May 14, 2020 – Roughly two months after the news of the coronavirus spread to the masses, the Rhode Island Association of Realtors shared news of a housing market which began to show signs of the closed economy last month. April home sales data released today show a continued rise in median sales price compared to April 2019, accompanied by an anticipated slowdown in sales. Full Story

Pent-up demand created strong foundation for R.I. Housing market in first quarter

Warwick, R.I. – May 8, 2020 – During the first quarter, Rhode Island home sales and prices rose compared to the prior year, according to statistics released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service. All sectors of the housing market started the year off on a solid foundation due to pent-up demand. That demand helped Rhode Island’s housing market remain strong despite the widespread COVID-19 restrictions which became commonplace in March. Full Story

April 2020

R.I. Housing Sales Remain Active During March

Warwick, R.I. – April 10, 2020 ... One month into the widespread effects of the coronavirus pandemic, statistics released today from RI Realtors indicate that despite impediments from COVID-19, single-family home sales rose slightly year-over-year in March and pending sales  – those under contract but not yet closed – dropped negligibly, down .4 percent. The median price of those sales was $300,000, a 13.2 percent gain. Full Story

March 2020

RI REALTORS® Release February Home Sales Statistics

Warwick, R.I. – March 20, 2020 – The Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service (MLS), released its February home sales data today which relayed a median price of single-family home sales in February of $274,900, a ten percent increase from 12 months earlier. The number of closed transactions also increased by 14 percent year-over-year. The data however, which represents all sales transacted by Realtors through the MLS last month, also highlighted a 12 percent decline in the supply of homes for sale compared to February 2019.  Full Story

February 2020

2020 starts off with significant increases in Rhode Island’s housing market

Warwick, RI – February 20, 2020 --The first month of 2020 saw significant growth in Rhode Island’s housing market. The Rhode Island Association of Realtors reported a double-digit increase in the median price of single-family homes sold last month. January’s median sales price of $296,750 represented a 17 percent hike year-over-year.  Full Story

January 2020

Year-over-year gains in R.I.’s 2019 housing market

Warwick, R.I. – January 22, 2020 – The Rhode Island Association of Realtors today released 2019 home sales data which showed year-over-year increases in median price for all residential property types. Multifamily homes reaped the largest gain with an 11.1 percent increase compared to 2018. The 2019 median sales price of multifamily properties was $270,000.  Full Story

Sales and Median Price Continues Ascent in December’s R.I. Housing Market

Warwick, R.I. – January 16, 2020 – Rhode Island’s single-family housing market ended the year on a high note last month with an increase in both sales and median price year-over-year. Closed transactions in December were 19.1 percent higher than a year earlier. The median sales price of $285,000 represented an increase of 7.6 percent from December of 2018. According to data from the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service, January of 2017 was the last time the monthly median sales price of single-family homes showed an annual decline in the Ocean State. Full Story

 

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