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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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