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News

Median Price of R.I. Home Sales Continued to Rise in Fourth Quarter of 2018

Warwick, RI – January 31, 2019 – Though single-family home sales fell 7.3 percent in the last three months of 2018, the median sales price continued to rise, increasing four percent from the fourth quarter of 2017 to $268,000. Sales data released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service, portray a market beginning to become more evenly balanced between buyers and sellers due to moderating sales. The data represents only sales transacted by Realtors through the MLS system.

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Deadline Approaching for Applications for Realtor Foundation: RI Grants

Warwick, RI – The Realtor Foundation: Rhode Island is accepting applications from non-profit 501(c)3 organizations for grants of up to $5000. Applicants must support the Realtor Foundation’s mission to enhance the quality of life within our communities by organizing volunteers and/or raising funds that enrich communities and assist individuals or entities affected by a personal or natural disaster.

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Housing Inventory Continues to Grow at End of Year

Warwick, RI -- January 28, 2019 – Sales of single-family homes dropped year-over-year in December, falling 15.6 percent from 12 months earlier according to the latest sales statistics from the Rhode Island Association of Realtors. Market inventory rose 8.3 percent while the median sales price increased to $265,000, a 3.9 percent increase from the median price of December 2017.

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RI’s Housing Market Showing Strong End-of-Year Finish

Warwick, RI – December 19, 2018 – November sales data released by the RI Association of Realtors (RIAR) and State-Wide Multiple Listing Service (MLS) reflect a strong housing market as the year heads to a close. Single-family home sales increased 2.1 percent from 12 months earlier and the median sales price of $267,700 represented a 3.4 percent hike. MLS recorded the highest number of November sales on record last month and the median selling price was the highest in November since 2006.

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Housing Trends Stay Consistent in October

Warwick, RI -- November 21, 2018 – October saw much of the same in Rhode Island’s single-family home sale trends. The median sales price of homes sold last month continued to rise year-over-year for the 21st consecutive month while sales activity decreased for the eighth consecutive month.

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RI Realtors Release September Home Sales Statistics

Warwick, RI – October 26, 2018 – The median price of single-family home sales rose 3.5 percent year-over-year to $270,500 according to September home sales statistics released today by the Rhode Island Association of Realtors. The supply of homes for sale also increased by 7.1 percent, a welcome sign for buyers whose options have been limited by a diminishing supply of inventory over the past two years.

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Home Prices Increase in August While Sales Activity Slows

Warwick, R.I., September 27, 2018 - The median sales price of single-family homes in Rhode Island continued to climb last month, rising 5.9 percent since August of 2017 to $275,250. However, in a sign that the market is in no danger of overheating, sales of single-family homes decreased year-over-year in August for the sixth consecutive month, falling 3.3 percent. 

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Supply Begins to Grow in R.I.’s Housing Market

In July, the number of single-family homes for sale in Rhode Island increased year over year for the first time in 29 months according to the latest report from the Rhode Island Association of Realtors. Last month marked the first time in nearly two years that single-family home inventory climbed above 4000. Sales activity lagged behind last year for the fifth consecutive month, which helped increase supply.

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Realtors Release Second Quarter Sales Statistics

Warwick, RI…July 25, 2018 – The Rhode Island Association of Realtors and State-Wide Multiple Listing Service released second quarter Rhode Island home sales statistics today. At $280,000, the median price of single-family homes sold from April through June was the highest quarterly price in 11 years. The median is the point at which half the homes sell for more and half sell for less. 

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RI REALTORS® See Positive Improvements During 2018 Legislative Session

Since 1948 the Rhode Island Association of Realtors has been a strong advocate for property owners in preserving private property rights and enhancing the ability of Rhode Island citizens to attain and maintain homeownership. During this year’s legislative session, the association addressed seven issues with favorable results for those who own Rhode Island property.

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