Category Archives: Market Trends

Market Trends

R.I.’s housing market reaches new heights in 2020

Warwick, RI – January 15, 2021 — For obvious reasons, 2020 was one for the record books and housing sales certainly stood out among them. With more single-family home sales than ever before, Rhode Island’s housing market soared despite a worldwide pandemic and historically low inventory levels. Sales statistics released today by the Rhode Island …

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November 2020 home sales infographic
Market Trends

REALTORS report surging single-family home sales

Warwick, R.I. – December 17, 2020 – Rhode Island single-family home sales continued to soar in November according to data released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service. Closing activity rose 26.4 percent from November of 2019 and the median price of those sales increased 11.4 percent to $323,000. …

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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, …

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Market Trends

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 …

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Market Trends

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 …

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Market Trends

Median price of R.I. single-family homes tops $300K in the second quarter

Warwick, RI – August 12, 2020 – Today, the Rhode Island Association of Realtors released second-quarter sales data from its subsidiary, State-Wide Multiple Listing Service.  While property sales were down considerably given the statewide shutdown during the second quarter, the median price of closed sales continued to rise. At $303,750, the median price of single-family homes topped …

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Market Trends

Pandemic impact on sales diminishing in R.I.’s housing market

Warwick, R.I. — July 15,2020 — While Rhode Island’s single-family home sales dropped 14.6 percent year-over-year in June, the decline was a significant improvement to the prior month when sales fell by more than 30 percent compared to 12 months earlier.  A review of month-to-month sales data from the Rhode Island Association of REALTORS also portrayed …

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Market Trends

Stay-at-home order curbs Rhode Island home sales in May

Warwick, R.I. – June 15, 2020 – The median price of single-family homes sold in Rhode Island hit a new record last month. May’s price of $309,500 was the third time in a year that Rhode Island’s median sales price topped the $300,000 threshold. The flip side of that news was a 31 percent decline in sales …

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