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.
Two New RIAR Forms Releasing November 2022 –Solar Addendum and Blank Addendum
Changes to existing RIAR forms are set to take effect in November 2022. Here's what to watch for:
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.
According to data from State-Wide Multiple Listing Service, a subsidiary of the Rhode Island Association of Realtors, the monthly median price of single-family homes has followed an upward trend for 66 consecutive months. The rate of increase has been diminishing since April however, when the median price of homes escalated by 20% more than 12 months earlier. By July, the median price rose only 6.8 percent to $410,000, the lowest rate of increase since the spring of 2020, following the economic shutdown.
As a result of a new law, all rental properties, units, or rooms that will be listed on a third-party hosting platform and rented for not more than thirty (30) nights, will be required to register with the Rhode Island Department of Business Regulation. DBR anticipates that registration will be available starting on October 1, 2022.