Category Archives: Market Trends

Market Trends

RI Realtors report active April housing market

Warwick, RI – May 21, 2019 – The median price of 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 …

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Market Trends

Median R.I. home price still rising in first quarter

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 …

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Market Trends

R.I.’s housing supply shows February gains

Warwick, RI — March 21, 2019 — February sales data recently released 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 low inventory in Rhode Island’s housing market for the past several years. With 5.9 percent more single-family home …

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Market Trends

R.I.’s home sales 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. Low inventory levels continued to move prices upward in Rhode Island’s single-family home market last month. At $253,000, …

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Market Trends

Median R.I. home price continued to rise in 4th quarter 2018

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 …

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Market Trends

Continued growth in housing inventory at year-end

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 …

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Market Trends

RI’s Housing Market Showing Strong End-of-Year Finish

Warwick, RI – December 19, 2018 – November sales data released by the RI Association of Realtors (RIAR) and State-Wide Multiple Listing Service (MLS) reflect a strong housing market as the year heads to a close. Single-family home sales increased 2.1 percent from 12 months earlier and the median sales price of $267,700 represented a 3.4 percent …

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Market Trends

Housing Trends Stay Consistent in October

Warwick, RI — November 21, 2018 – October saw much of the same in Rhode Island’s single-family home sale trends.  The median sales price of homes sold last month continued to rise year-over-year for the 21st consecutive month while sales activity decreased for the eighth consecutive month. At $271,750, October’s median sales price was 2.6 …

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