News

Now that Rhode Island's new statewide Non-Owner-Occupied Property Tax has taken effect, REALTORS® working with any type of residential property, which can include 2-, 3-, and 4-unit dwellings depending on the municipality,  should be aware that some of these properties may now be subject to the tax.

Rhode Island's housing market posted year-over-year gains in closed sales across all residential property types despite ongoing economic uncertainty. Single-family home sales led the way with a 14% increase - the first annual gain in closed transactions this year - while the median sales price climbed to a record monthly high of $550,000, up 5.8% from June 2025.