NEWS & EVENTS
Rhode Island on Pause – What you need to know
Governor Gina Raimondo recently announced that Rhode Island will be hitting Pause for two weeks beginning Monday, November 30th through Sunday, December 13th. With new coronavirus cases and hospitalizations on the rise, the Pause aims to limit overall mobility and reduce the spread linked to social gatherings by calling for in-person colleges, bar areas, recreational …
New NAR DOJ Agreement Regarding MLS Rules
11/20/20: Yesterday, the US Department of Justice filed a new antitrust complaint against the National Association of REALTORS. NAR and the DOJ have negotiated a settlement agreement. It appears that this will have very little impact on State-Wide MLS participants but details will be forthcoming as specific language is fleshed out. Here are the key …
Bring the CRE Consulting Corps to Your Community
Are you aware of an obsolete retail center, closed hospital, school or other abandoned structure in your market in need of an innovative, adaptive reuse strategy? Is your community in transition as a result of challenges that threaten its economic health and vitality: closure or relocation of a major employer or the after-effects of a …
New Revisions to RIAR Purchase and Sale Agreement
Revisions to the Rhode Island Association of REALTORS® Purchase & Sales Agreements are now available on Instanet and will be available as soon as the other vendors post the new form, expected no later than late November/early December. An explanation of all the changes, as well as a sample of the revised Purchase & Sales Agreement …
RECENT MARKET TRENDS
R.I.’s October home sales highest on record
Warwick, R.I. – November 19, 2020 – With a 24.7 percent year increase in October sales year over year, it doesn’t appear that the pandemic has tempered demand in Rhode Island’s housing market. Today the Rhode Island Association of Realtors released October home sales statistics that portray a record-breaking market that shows little sign of slowing down, …
Strong showing in R.I.’s third-quarter housing market
Warwick, R.I. – October 28, 2020 – Today, the Rhode Island Association of REALTORS released third-quarter home sales data pulled from Realtor transactions exchanged through its subsidiary, State-Wide Multiple Listing Service. Rhode Island’s single-family home sales were up 9.1 percent year-over-year and the median price of those sales hit $334,900, 13.5 percent higher than that of …
Rhode Island Median Home Price Nears $340K
Warwick, R.I. – October 15, 2020 – Single-family home sales transacted through State-Wide Multiple Listing Service reached a median price of $339,900 in September, the highest monthly median price to date. MLS reported a year-over-year increase in median price of 15 percent and a hike in sales activity of 18 percent. State-Wide MLS is the listing information …
R.I. Median Home Price Rises for 43rd Consecutive Month in August
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 …