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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: communications@riliving.com

 

Press Releases

November 2019

Median sales price continues ascent in R.I.’s housing market

Warwick, R.I. – November 21, 2019... With a year-over-year hike in both median price and closing activity last month, Rhode Island’s single-family housing market continued to gain momentum heading into the last quarter of the year. According to statistics released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service, the market’s $287,225 median sales price represented a 5.7 percent increase from 12 months earlier. Realtor data also showed that completed sales rose 3.5 percent.  Full Story

Shannon Buss named 2020 president of R.I. Association of Realtors

Warwick, RI… November 15, 2019 - The Rhode Island Association of Realtors today announced the election of Shannon Buss as 2020 president. A broker associate and professional development manager with Randall, Realtors, Buss assumes her duties for the 5400-member association this week, having been recently installed at the National Association of Realtors Annual Conference in San Francisco.  Full Story

Chris Whitten and other 2019 State-Wide MLS officers to stay in place in 2020

Warwick, RI… November 15, 2019 - Chris Whitten of Premeer Real Estate has been re-elected president of State-Wide Multiple Listing Service, a real estate data exchange subsidiary of the Rhode Island Association of Realtors. He is also the 2020 president of the Northern Rhode Island Board of Realtors and a past Northern R.I. Realtor of the Year.  Full Story

Christopher Fascione Inducted into NAR’s Omega Tau Rho Fraternity

Warwick, RI… November 1, 2019 – Christopher Fascione of Berkshire Hathaway HomeServices, Commonwealth Real estate in East Greenwich, RI has been inducted into the Omega Tau Rho fraternity of the National Association of Realtors. Membership in the honorary fraternity is represented by the Medallion of Service which is awarded as a token of the high esteem in which inductees are held by their fellow Realtors.  Full Story

Continued strength evident in Rhode Island's third quarter housing market

Warwick, RI… November 1, 2019 – At $295,000, the median price of single-family homes sold in the third quarter rose 7.3 percent from the same time last year. The data reported today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service, also showed a 4.6 percent increase in closing activity year-over-year. Full Story

October 2019

Leann D’Ettore Named 2019 Rhode Island REALTOR of the Year

Warwick, RI… October 25, 2019 – The Rhode Island Association of Realtors (RIAR) has announced that Leann D’Ettore, associate broker of Homistic Real Estate, was chosen by her peers as the 2019 Rhode Island Realtor of the Year. The award recognizes one of more than 5000 Realtors throughout Rhode Island for their dedication to the Realtor organization and their local communities. Full Story

Rhode Island’s Housing Market Good for Buyers and Sellers Alike

Warwick, RI – October 22, 2019 – The Rhode Island Association of Realtors (RIAR) and its subsidiary, State-Wide Multiple Listing Service, released September sales data today which showed that Rhode Island’s single-family home market is holding steady heading into the fall.  The median price of September sales rose 9.1 percent to $295,000. Closing activity also increased 11.6 percent from 12 months earlier.  Single-family homes under contract but not sold by the end of the month rose 4.4 percent, an indication that closing activity should remain strong in the coming months. Full Story

September 2019

Low supply continues in RI housing market

Warwick, RI – September 19, 2019 – Low inventory continues to perpetuate rising home prices in Rhode Island according to August data released today by the Rhode Island Association of Realtors. The median price of single-family homes sold last month rose 7.2 percent to $295,000, compared to August of 2018.  The median sales price of condominiums sold in Rhode Island in August rose 15.8 percent year-over-year and the median price of multifamily properties rose ten percent. Full Story

August 2019

R.I. housing market remains strong in July

Warwick, RI – August 20, 2019 – Single-family home sales rose ten percent from July 2018 to July 2019 while the median price of those sales increased 6.5 percent to $297,500, according to sales data released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service. Full Story

R.I. Single-family Home Sales Continue to Rise in Second Quarter

Warwick, R.I. – August 1, 2019 -- The Rhode Island Association of Realtors released second-quarter sales statistics today from State-Wide Multiple Listing Service, an association subsidiary which tracks all Realtor-assisted sales. The data portrayed a Rhode Island housing market that continued to gain momentum from the previous year. The number of existing single-family home sales increased 2.6 percent in the second quarter, compared to the same time period in 2018.  The median price of those sales rose 4.3 percent to $292,000. Full Story

July 2019

RI Realtors Release June Housing Statistics

Warwick, R.I. – July 19, 2019 – Housing sales in Rhode Island became more restrained in June, following a strong end to the spring selling season in May.  The Rhode Island Association of Realtors reported that sales declined 5.1 percent last month compared to June of 2018. Pending sales however, increased 14.4 percent, an indication that completed transactions could be on the rise in July and August. That increase may be short-lived though, as inventory continued to decline in June, falling 4.1 percent year-over-year. Full Story

June 2019

May Sets New RI Median Sales Price Record

Warwick, RI – June 21, 2019 – Strong momentum continued in Rhode Island’s housing market last month according to statistics released today by the Rhode Island Association of Realtors. With 1076 single-family sales, closing activity topped May 2018 sales figures by 11.5 percent while the median sales price of those homes reached more than $300,000 for the first time. At $300,500, May’s median price represented a 9.3 percent increase over May 2018. Full Story

May 2019

RI Realtors Report Active April Housing Market

Warwick, RI – May 21, 2019 – The median price of Rhode Island single-family homes sold in April reached $275,000, a 2.1 percent hike from 12 months earlier. Despite the rainy weather, sales activity also increased, rising 8.7 percent year over year.  Though the number of single-family homes listed for sale in April was 6.5 percent more than last year, inventory remains tight with a supply of less than four months. A market balanced between supply and demand typically has invenory that would take six months to deplete at the present rate of sales. Full Story

April 2019

RI Home Prices Still on the Rise in First Quarter

Warwick, R.I. – April 30, 2019 – According to first quarter sales statistics from the Rhode Island Association of Realtors, the median price of single-family home sales increased two percent from the first quarter of 2018 to $255,000. Nine municipalities saw double-digit increases in median price with Westerly leading the pack with a 27.8 percent gain. Median price reflects the mid-point of all sales, with half sold for less and half sold for more. Only twelve municipalities experienced a decline in median sales price. Full Story

Home Buying Season Begins with Increased Inventory and Lower Mortgage Rates

Warwick, RI – April 22, 2019 -- Home sales data released today by the Rhode Island Association of Realtors shows favorable trends for spring home buyers as inventory continues to rise and mortgage rates remain low. Full Story

March 2019

Rhode Island’s housing supply shows February gains

Warwick, RI – March 21, 2019 -- February sales data released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service show signs of promise for buyers who have been hindered by a low inventory in Rhode Island’s housing market for the past several years. Full Story

February 2019

Rhode Island’s Housing Trends Stay on Course at Beginning of Year

Warwick, RI – February 21, 2019 -- January sales data released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service, reflect that 2018 housing trends are continuing into the new year. Full Story

January 2019

Median Price of R.I. Home Sales Continued to Rise in Fourth Quarter of 2018

Warwick, RI – January 31, 2019 – Though single-family home sales fell 7.3 percent in the last three months of 2018, the median sales price continued to rise, increasing four percent from the fourth quarter of 2017 to $268,000. Sales data released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service, portray a market beginning to become more evenly balanced between buyers and sellers due to moderating sales.  The data represents only sales transacted by Realtors through the MLS system. Full Story

Housing Inventory Continues to Grow at End of Year

Warwick, RI -- January 28, 2019 – Sales of single-family homes dropped year-over-year in December, falling 15.6 percent from 12 months earlier according to the latest sales statistics from the Rhode Island Association of Realtors. Market inventory rose 8.3 percent while the median sales price increased to $265,000, a 3.9 percent increase from the median price of December 2017. Full Story

 

 

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