NEWS & EVENTS
Marijuana and Real Estate: A Budding Issue Join RI REALTORS for Marijuana Myths, Up in Smoke Feb. 27
WASHINGTON (February 11, 2020) – A new definition for “hot property” has emerged within the real estate market. The recent string of state-level marijuana legalization continues to impact commercial property demand and residential housing decisions throughout the United States. These findings are according to the latest study from the National Association of Realtors®, Marijuana and …
REALTORS – Do you know the signs of a phishing attack?
A phishing attack is an attempt by a hacker who is looking to trick innocent people. They do this by writing and then sending, a fake email that looks very real. The email may imply that you should give your username and password for a company account, or it may have some type of attachment …
Are flood zones affecting your transactions?
Learn how to eliminate error and confusion by registering for a MyFloodStatus webinar on February 13th from 10:30 to 11 am. Flood zone errors and confusion are rampant, and REALTORS® need to know what information they can really count on! Would you like to: eliminate the risk of liability? reduce flood insurance premiums for homeowners, …
Home inspectors must be licensed by April 1, 2020
Are “your” home inspectors licensed? If you refer home inspectors to customers and clients in Rhode Island, make sure that they are licensed in Rhode Island by April 1, 2020, which is when enforcement begins. This includes home inspectors who are already licensed in other states like Massachusetts or Connecticut. The Rhode Island Association of …
RECENT MARKET TRENDS
Median single-family home price jumps 17 percent in January
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. Last month’s price increase …
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. …
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 …
Median sales price climbs in November in R.I.’s housing market
Warwick, RI, December 19, 2019 – Sales data released today by the Rhode Association of Realtors showed that the median sales price of single-family homes sold in Rhode Island rose to $290,000 in November, an 8.3 percent increase over November of 2018. Though sales activity decreased by 5.6 percent year-over-year, pending sales – or those …