Warwick, R.I. – August 20, 2026 – Today, the Rhode Island Association of Realtors reported that the median price of single-family home sales in the Ocean State continued to increase year-over-year last month, rising to $525,000 from $505,000 in July 2025. Rising prices and recent mortgage rate increases prompted fewer sales than the prior year, helping to increase the number of homes on the market.
Read MoreJosh McGinn of Putnam, Connecticut, has been named Director of Professional Development at the Rhode Island Association of Realtors (RI REALTORS). In his new role, he will oversee the
Read MoreRI REALTORS® has been made aware of a fraudulent email currently being sent to some members claiming that their membership payment is past due. The email may appear to come from RIAR or State-Wide MLS and includes language requesting that recipients reply to receive payment instructions. This message is not legitimate and was not sent by RIAR or State-Wide MLS.
Read MoreNow that Rhode Island's new statewide Non-Owner-Occupied Property Tax has taken effect, REALTORS® working with any type of residential property, which can include 2-, 3-, and 4-unit dwellings depending on the municipality, should be aware that some of these properties may now be subject to the tax.
A common misconception is that the tax only affects luxury single-family homes or vacation properties. In reality, the tax applies more broadly. Any property that is classified as residential by the municipality, is not owner occupied, and has an assessed value of $1 million or more may be subject to the tax unless the owner can document that an exemption applies.
Read MoreRhode Island's median price of single-family home sales in the Ocean State continued to increase year-over-year last month, rising to $525,000 from $505,000 in July 2025. Rising prices and recent mortgage rate increases prompted fewer sales than the prior year, helping to increase the number of homes on the market.
↑ 4%
↓ 3.2%
↓ 5.8%
Months Supply
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