RHODE ISLAND ASSOCIATION OF REALTORS®, INC. "The Voice of Real Estate in Rhode Island" Press ReleaseContact: Kerry Park |
Press ReleasesAll press releases can be found on rirealtors.org
December 2024 Realtors report signs of increasing activity in R.I. housing marketWarwick, R.I. – December 18, 2024 – The Rhode Island Association of Realtors released November sales statistics today showing a 3.5% rise in year-over-year sales activity and a 17.6% increase in pending sales expected to close in the coming weeks. This year, monthly sales have risen year-over-year for six months, in contrast to falling every month from January 2022 to January of this year. Inventory has increased from the prior year each month since April, which has helped spark sales. Full Story November 2024 Sales Activity Grows in R.I.’s Housing MarketWarwick, R.I. – November 20, 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. Full Story RI Realtors Release Q3 Home Sales DataWarwick, R.I. – November 4, 2024 – Sales data released by the Rhode Island Association of Realtors indicate 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. Full Story October 2024 R.I. Home Prices Still ClimbingWarwick, R.I. – October 17, 2024 – The median price of single-family homes sold in September climbed 6.6% year-over-year, continuing a trend in Rhode Island that began in February 2017. The Rhode Island Association of Realtors reported sales statistics today showing that last month’s median sale price of $485,000 was $30,000 higher than September 2023. Full Story September 2024 Rhode Island’s Single- and Multifamily Home Sales Increase in Both Price and ActivityWarwick, R.I. – September 20, 2024 – The median price of single-family homes sold last month in Rhode Island rose 9% year-over-year to $490,563 according to a report released today by the Rhode Island Association of Realtors. Sales activity also increased from August 2023, rising 10.7%. Full Story August 2024 R.I.’s housing market continues to break recordsWarwick, R.I. – August 19, 2024 – The Rhode Island Association of Realtors recently released home sales data that showed the median price of single-family homes once again broke records in July, topping out at $495,000, a 12.5% gain from 12 months earlier. The number of listings on the market also rose from last year, rising 16.2%, helping to spark a 21.2% increase in sales activity. Full Story R.I. Homes Continue to Fly Off the Market in Second QuarterAugust 2, 2024 – The median price of single-family homes sold in the second quarter rose to $470,130, a 9.3% increase from a year earlier. Sales activity fell by roughly the same percentage, dropping 8.7% year-over-year. Stiff competition caused by pent-up demand shortened the average time homes stayed on the market before going under contract in just four weeks. Full Story July 2024 Though inventory grows, R.I.’s median home price continues to riseWarwick, R.I. – July 22, 2024 – Despite a 32% increase in the number of single-family homes on the market since June of last year, the median price of Rhode Island homes sold last month continued to rise, hitting a new high of $494,000. The figure represented an 11.6% increase in median price from 12 months earlier, the Rhode Island Association of Realtors reported today. Full Story June 2024 R.I.’s Single-family and Multifamily Home Sales Hit New HighsWarwick, R.I. – June 21, 2024 -- Today, the Rhode Island Association of Realtors reported that the median price of residential property sales in Rhode Island soared to new heights in May, with multifamily home sales leading the pack. Multifamily homes with up to four units saw a 23.9% increase from the median price of $440,000 realized just 12 months earlier. The median price of multifamily homes has increased 78.7% in the past four years, hitting a new record of $545,000 last month. Full Story May 2024 R.I. home sales rise heading into spring sales seasonWarwick, R.I. -- May 17, 2024 -- Rhode Island’s spring housing market started off with increased activity last month. The Rhode Island Association of Realtors reported that year-over-year sales of single-family homes rose by 6.3% from the previous April, marking just the second time since the beginning of 2022 that monthly sales have outpaced those of 12 months earlier. Full Story April 2024 REALTORS Release March and Q1 Sales DataWarwick, R.I. -- April 18, 2024 -- Though February brought a brief year-over-year hike in single-family home sales in Rhode Island, March resumed the trend of declining activity which has become the norm since 2021. The available supply of homes on the market remains critically low going into the spring selling season. Full Story March 2024 Realtors Report R.I.’s Home Sales Increased for the First Time in Two YearsWarwick, R.I. – March 19, 2024 – The Rhode Island Association of Realtors reported that February sales of single-family homes experienced the first year-over-year increase in over two years. Despite the 13% uptick in sales from February of last year, which followed a drop in mortgage rates, closing activity remained well below normal. Full Story February 2024 Rhode Island home sales pick up at the beginning of the yearWarwick, R.I. – February 15, 2024 – The rate of decline in year-over-year home sales that plagued 2023 showed marked improvement in January, falling just 4.3% compared to the double-digit drops in sales activity recorded throughout each month last year. The data reflected all Realtor-assisted sales transacted through State-Wide Multiple Listing Service, a subsidiary of the Rhode Island Association of Realtors. Full Story January 2024 R.I.’s December Home Sales Data Shows Potential Uptick in Activity in 2024Warwick, R.I. – January 19, 2024 – In December, Rhode Island’s median sale price of single-family homes jumped 9.5% from 12 months earlier, more than twice the level of year-over-year appreciation seen at the end of 2022. Last fall’s high interest rates kept sales activity suppressed, while the continued shortfall of inventory kept prices elevated. The Rhode Island Association of Realtors reported a December median sale price of $427,000. Full Story
|
|