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RHODE ISLAND ASSOCIATION OF REALTORS®, INC.

"The Voice of Real Estate in Rhode Island"
Serving Rhode Islanders Since 1948
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Press Release

Contact: Kerry Park
Ph: 401-432-6948
Email: communications@riliving.com

 

Press Releases

November 2018

Dean deTonnancourt Elected 2019 President of RI Association of REALTORS®

Warwick, RI – November 8, 2018 –Dean deTonnancourt of HomeSmart Professionals Real Estate in Warwick, RI has been installed as the 2019 President of the Rhode Island Association of Realtors (RIAR). He assumes his duties for the 5300-member trade association this month. Full Story

Whitten Named President of State-Wide MLS

Warwick, RI – November 8, 2018 –Dean deTonnancourt of HomeSmart Professionals Real Estate in Warwick, RI has been installed as the 2019 President of the Rhode Island Association of Realtors (RIAR). He assumes his duties for the 5300-member trade association this month. Full Story

October 2018

Third Quarter Home Sales Data Indicate a Return to a More Balanced Housing Market

Warwick, RI – October 31, 2018 – According to sales statistics from RI Realtors, the median sales price of homes sold in Rhode Island during the third quarter rose to $275,000, a 3.8 percent year-over-year gain. Closing activity decreased 6.7 percent following two years of record-breaking sales. Full Story

Duane Boucher Inducted Into Omega Tau Rho Fraternity of the National Association of Realtors

Warwick, RI – October 29, 2018 – The Rhode Island Association of Realtors (RIAR) has announced that Duane Boucher of Boucher Real Estate in Woonsocket has been inducted into the Omega Tau Rho fraternity of the National Association of Realtors. Membership in the honorary fraternity is represented by the Medallion of Service which is awarded as a token of the high esteem in which inductees are held by their fellow Realtors. The Medallion of Service symbolizes the recognition and appreciation accorded to Omega Tau Rho members for their contributions to the National Association of Realtors and its institutes, societies and councils. Full Story

RI Realtors Elect Christopher Fascione 2018 RI REALTOR of the Year

Warwick, RI – October 29, 2018 – The Rhode Island Association of Realtors (RIAR) has announced that Christopher Fascione, GRI was chosen by his peers as the 2018 Rhode Island Realtor of the Year. The award recognizes one of more than 5000 Realtors throughout Rhode Island for their dedication to the Realtor organization and their local communities. The winner of the Rhode Island Realtor of the Year Award is chosen from five Realtors who have received a Realtor of the Year Award from one of five local Rhode Island Realtor boards. Full Story

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. Full Story

September 2018

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. Full Story

August 2018

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

Warwick, R.I., August 24, 2018 – 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. Full Story

July 2018

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.  Full Story

Median Price of R.I. Single-Family Homes Hits $290K in June

Warwick, RI – July 20, 2018 – The median price of single-family home sales continued to climb in June, rising to $290,000 according to the latest monthly sales report from the Rhode Island Association of Realtors.  The price reflects the highest monthly median price since July of 2006 and is just 2.8 percent less than the highest monthly median price on record. The median sales price has risen steadily since December of 2017.  June’s median represents a 5.5 percent increase since June of last year. Full Story

June 2018

May Median Price Hits Ten+ Year High in R.I.s Housing Market

Warwick, RI – June 20, 2018…The median price of single-family homes sold in Rhode Island reached $275,000 last month, a ten percent increase over May of 2017. Rhode Island has not reached a higher monthly median sales price since August 2007 according to a report released today by the Rhode Island Association of Realtors® and its subsidiary, State-Wide Multiple Listing Service. Full Story

State-Wide MLS Hires New VP of MLS & Member Services

Warwick, RI, June 13, 2018…The Rhode Island Association of Realtors and State-Wide Multiple Listing Service (MLS) has announced that John Breault will assume the position of Vice President, MLS & Member Services as of August 1st. Breault will be responsible for directing MLS staff in their efforts to advance the products and services of the organization to meet subscribers’ current and future needs. He will also serve as the primary liaison and advisor to the State-Wide MLS Board of Directors. Full Story

May 2018

Single-family Home Prices Continue Upward Trend While Closing Activity Drops

Warwick, RI -- May 25, 2018 - Rhode Island’s median single-family home price rose 10 percent at the beginning of the second quarter while closing activity began to constrict, falling nine percent compared to April of 2017. The supply of homes for sale fell to 3190 last month, from 3569 12 months earlier. Full Story

April 2018

R.I.’s Housing Market Shows Strong Price Gains in First Quarter

Warwick, R.I. – April 25, 2018…The Rhode Island Association of Realtors reported that the median price of single-family home sales increased 9.7 percent from the first quarter of 2017 to $252,250. Nineteen hundred and thirty-eight (1938) homes sold last quarter, down from 1982 sales in the first quarter of last year. Single-family home sales activity fell or stayed the same year over year in all but 17 of the 40 districts measured. Full Story

Strong Price Gains in March in R.I.’s Housing Market

Warwick, RI -- April 19, 2018 – Home sales data released today by the Rhode Island Association of Realtors portray significant year-over-year price gains in March, particularly among single-family and multifamily home sales.  Full Story

March 2018

State-Wide MLS Debuts East Coast Commercial Property Network

Warwick, RI – March 26, 2018 -- State-Wide Multiple Listing Service (MLS) is proud to announce that Rhode Island Commercial Information Exchange (RICIE) has become East Coast Commercial Property Network (CPN).  East Coast CPN is a commercial property information exchange originally developed and launched five years ago as Rhode Island Commercial Information Exchange. The exchange was developed by commercial practitioners seeking a cost-effective way to share Rhode Island commercial property listing information. As EastCoastCPN.com, it now offers the ability for subscribers to effectively market their Connecticut and Massachusetts listings in addition to those in Rhode Island. Full Story

Realtor Data Shows Homes Sales Regained Strength in February

Warwick, R.I. – March 23, 2018 -- After falling behind last year’s pace in December and January, single-family home sales in Rhode Island jumped ahead of 2017’s activity by 4.5 percent last month. The data was released in a report by the  Rhode Island Association of Realtors today. Full Story

February 2018

Low Inventory Drives Median Price of R.I. Home Sales Up

Warwick, RI – February 22, 2018 -- A diminishing supply of homes for sale continues to push prices upward in Rhode Island’s single-family home market. At $244,900, January’s median sales price was nine percent higher than that seen a year earlier. Full Story

January 2018

2017 Ends on a High Note with Home Prices Rising in Rhode Island

Warwick, RI, January 31, 2018 – The median price of Rhode Island single-family homes sales was $255,000 in December, an 8 percent increase from 12 months earlier according to statistics recently released by the Rhode Island Association of Realtors. Sales activity stayed relatively stable, falling less than one percent. There were 918 single-family home sales sold in the Ocean State last December compared to 927 in December of 2016. Full Story

Realtors Report New Record in Rhode Island Home Sales in 2017

Warwick, R.I. – January 18, 2018 – Rhode Island’s housing market continued to gain strength in 2017 according to the latest report from the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service. For the fifth consecutive year, the number of single-family homes sold rose year-over-year, eclipsing previous records. The data reveals that 11,282 single-family homes were sold in the Ocean State last year, up from 11,066 in 2016. The median price of those sales climbed 6.3 percent to $255,000. Full Story

 

 

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