News

Warwick, R.I. – November 21, 2024 – The Rhode Island Association of Realtors recently released October sales statistics that show the median price of Rhode Island’s single-family home sales continued to climb year-over-year, rising 11.5% to $485,000. The number of closed transactions also saw an annual gain of 5.4%. Pending contracts rose seven percent, an indication that year-over-year sales activity will likely continue to grow through year-end.

Many landlords may need to address lead hazards identified during their inspection when complying with Rhode Island's rental registry, before they can pass an inspection and get a lead certificate. Property owners should know that this work is regulated by the RI Department of Health (RIDOH) and may need to be done by a licensed lead professional. Property owners can learn more about fixing lead hazards and what work they can do themselves on the RIDOH website, as well as what to eviction steps to take if a tenant is not paying rent while the property is not yet through the compliance procedure.

Warwick, R.I. – November 4, 2024 – Sales data released by the Rhode Island Association of Realtors indicates a jump in year-over-year single-family home sales in the third-quarter, compared to falling sales in the first two quarters of the year.  The number of closed sales rose 8.5% compared to July through September of last year.