RHODE ISLAND ASSOCIATION OF REALTORS®, INC. "The Voice of Real Estate in Rhode Island" Press ReleaseContact: Kerry Park |
Press ReleasesAll press releases can be found on rirealtors.org
May 2025 R.I.’s Housing Supply Grows in AprilWARWICK, R.I. – May 22, 2025 – Rhode Island’s housing shortage is finally showing some signs of improvement according to data released today by the Rhode Island Association of Realtors. The number of single-family homes listed for sale in April grew 28.6% year-over-year, the largest increase in the past six months. Full Story Median Price of RI Home Sales Continues to Rise in Q1Warwick, R.I. – May 6, 2025 –In the first quarter of the year, the number of single-family home sales in Rhode Island fell 3.2% year over year, despite a four-month upward trend that began in October 2024 and ran through January of this year. According to statistics from the Rhode Island Association of Realtors, the median sales price climbed to $465,000 from $440,000, a 5.7% increase. Full Story April 2025 R.I. Housing Supply Grows in MarchWarwick, R.I. – April 23, 2025 – The Rhode Island Association of Realtors released sales data today showing a drop in home sales of 4% from March 2024 to 2025. Homes under contract in March, an indication of closed sales in the following months, also decreased 3.5%. Full Story March 2025 R.I. Home Sales Dip In FebruaryWARWICK, R.I, - March 21, 2025 - In February, single-family home sales in Rhode Island fell 8.8% from February 2024 continuing a twelve-month trend in vacillating sales activity. Pending contracts fell by 10.1% year-over-year, an indication of waning buyer demand and closed sales in the month or two ahead. The median price of single-family homes continued to rise, although more moderately. February sales reached $455,500, a 3.5% year-over-year increase, according to a recent report from the Rhode Island Association of Realtors. Full Story Realtor Report Supports Economic Need for Shekarchi's Housing PackageWARWICK, R.I. – March 6, 2025 – The Rhode Island Association of Realtors applauds the 12-bill housing package put forth by House Speaker K. Joseph Shekarchi last week and urges other policymakers to follow his lead in addressing the current housing crisis. The 6000-member organization also calls on cities and towns to collaborate with the state and other stakeholders in making the Speaker’s proposal a reality and further asks legislators to oppose bills that would add extra housing costs for homeowners and buyers. The plea was backed by data that highlight the economic strength of the housing industry. Full Story February 2025 Annual Sales Gains Continue in RI Housing MarketWARWICK, R.I. – February 21, 2025 – The number of single-family homes for sale increased 4.8% year over year, though the increase is not keeping pace with pent-up demand. Given the number of homes on the market in January, at the current pace of sales all homes currently for sale would be sold within 1.5 months. Full Story January 2025 R.I. sees biggest year-over-year surge in sales since 1999Warwick, R.I. –January 16, 2025 – End-of-year sales of single-family homes soared according to December home sales data released by the Rhode Island of Realtors today. Rhode Island’s housing market saw a 30.3% rise in year-over-year home sales last month, the largest annual gain in sales since January 1999. Full Story
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