New Alerts:
1. Scammers have been sending fake emails pretending to be from staff and/or members of RI REALTORS®. Just a couple of the most recent scams include an offer of a free piano and a "secure" message including an RI REALTORS® Annual Report from our President. Both are fake emails.
2. The Norwich, CT Police Dept. warns REALTORS® of a buyer with suspicious behavior and criminal background.
Warwick, R.I. – August 21, 2025 -- Rhode Island’s single-family home market showed some stabilization in July as the supply of homes for sale continued to grow. Data released by the Rhode Island Association of Realtors highlighted a slight .3% drop in sales activity of single-family homes and a two percent gain in the median price year-over-year. The July numbers also indicated a slow but steady gain in the supply of homes for sale.
Are you booking short-term rentals for 2026 now? Keep in mind that a new tax on short-term rentals of entire homes, cottages and condominium units will take effect, and the local hotel tax will increase.
Just days before the legislative session ended in June, 2025, the House approved tax increases and new taxes on real estate. As a result, the state budget passed with increases to the conveyance tax on sales of real estate or the interest in an acquired real estate company that close on or after October 1, 2025. Even if a purchase and sales agreement is signed before October 1st, the closing date is what triggers the tax.