News

A year ago, Rhode Island’s housing market began to wane amid news of rising mortgage rates and continued low inventory. One year later, sales are still declining, while the median price of homes continues to rise year-over-year. However, third-quarter home sales data recently released by the Rhode Island Association of Realtors shows sales activity has declined significantly, while appreciation in the median sales price of homes sold has weakened, the median price itself remains above that of the third quarter of last year.

The Rhode Island Association of Realtors has announced that Agueda Del Borgo and Chris Whitten have been inducted into the Omega Tau Rho fraternity of the National Association of Realtors. Membership in the honorary fraternity is represented by the Medallion of Service which is awarded as a token of the high esteem in which inductees are held by their fellow Realtors.

The Rhode Island Association of Realtors (RIAR) announced today that Michael Pereira of June Realty in East Greenwich, R.I. was chosen by his peers as the 2022 Rhode Island Realtor of the Year.

Changes to existing RIAR forms are set to take effect in November 2022. Here's what to watch for:

Two New RIAR Forms Releasing November 2022 –Solar Addendum and Blank Addendum

If you're listing a new property into "Coming Soon" in Matrix, please refer to this checklist first:

The number of single-family homes sold last month in Rhode Island plummeted 20.2% from 12 months prior. According to a report released by the Rhode Island Association of Realtors and its subsidiary State-Wide Multiple Listing Service, the median price of those sales rose 8.1% to $416,000 from $385,000 in September 2021.

October 4, 2022 -- You may have read on social media that a man who claims to be from Massachusetts has been harassing REALTORS® and at least two sellers with odd behavior.  Unfortunately, due to the nature of the real estate profession,  REALTORS® will sometimes encounter members of the public are strange or even dangerous.  Here are some tips to protect yourself.

Please be advised that the Rhode Island Department of Business Regulation Statewide Short-Term Rental Registration is NOW open. Registration will be required by January 1, 2023.

While still rising, the appreciation in Rhode Island’s median single-family home sales price continued to moderate in August according to the Rhode Island Association of Realtors. While up year-over-year by more than 20% earlier this year, the median home sale in August was $405,000, an increase of just 3.9% from August 2021.