Would you like to have input into issues that affect you and your profession? Become a leader at the national level. Apply to serve on the 2022-2023 National Association of REALTORS® Board of Directors by August 4th.
Warwick, R.I. – June 16, 2022 –Single-family home sales fell year-over-year by 8% in May while the median price of those sales rose 14.8%, to $419,000. Inventory continued to increase for the third consecutive month to a 1.5-month supply. While still well below the six-month supply indicative of a balanced market, May’s inventory of single-family homes for sale was the highest it has been since October of last year. The supply of homes available for sale takes into consideration the number of listings on the market in a given month and the rate of sales.
State-Wide MLS is set to release an upgraded Team module to Matrix effective July 20, 2022. Individuals working as part of a team will have access to several new benefits including enhanced displays, searching, and market-share reports.