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

 

Press Releases - 2017

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

December 2017

All Sectors of R.I.’s Housing Market Continue to See Higher Median Price in November

Warwick, R.I. -- December 20, 2017 – According to the latest report from RI Realtors, Rhode Island’s single-family home sales activity remained stable in November, rising .8 percent from November 2016.  The median price of those sales rose 5.7 percent to $259,000. Full Story

November 2017

Rhode Island Home Sales Up in October

Warwick, RI, November 20, 2017 The median price of single-family home sales rose to $264,950 last month from $235,000 in October 2016. Sales data released today by RI Realtors also reveal an 8.6 percent increase in closing activity compared to a year earlier. Full Story

R.I. Home Prices Continue to Rise in Third Quarter

Warwick, RI, November 9, 2017…Third quarter home sales statistics released today by RI Realtors portray solid price gains from July through September compared to the same time last year.  The median sales price of single-family homes increased 8.2 percent to $265,000, the highest quarterly median price in a decade. All but four towns saw an increase in the median sales price. Full Story

October 2017

Rhode Island Property Prices Rise by Double Digits in September

Warwick, RI, October 24, 2017….The median price of single-family homes sold in September rose 13.1 percent from the prior year, to $261,300, according to statistics released by RI Realtors today. The data, which reflects all Realtor-assisted property sales last month, also showed that sales activity decreased from the prior year, falling 4.3 percent, a drop which was likely related to a 13.1 percent decline in the number of single-family homes for sale. Pending sales – or those under contract but not yet sold – also decreased 13.5 percent compared to September 2016. Full Story

Two RI REALTORS Inducted Into Omega Tau Rho Fraternity

Warwick, RI, October 24, 2017…The Rhode Island Association of Realtors (RIAR) has announced that Brenda L. Marchwicki, Broker and Owner of BisMarc Properties, LLC and Patricia Lenihan, Managing Broker of Coldwell Banker Residential Brokerage, have 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

Duane Boucher Named R.I. REALTOR of the Year

Warwick, RI…October 23, 2017 - The Rhode Island Association of Realtors (RIAR) has announced that Duane Boucher, of Boucher Real Estate in Woonsocket, R.I. was chosen by his peers as the 2017 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 statewide winner is chosen from the winners of five regional Realtor of the Year awards.  Full Story

September 2017

Property Prices Climb in August While Inventory Remains Tight

Warwick, RI – September 20, 2017… According to statistics released by the Rhode Island Association of Realtors, Rhode Island’s single-family home sales rose four percent in August and the median price of those sales increased 6.1 percent to $260,000.  Data from the State-Wide Multiple Listing Service, an association subsidiary, indicates that the inventory of homes for sale declined 14.4 percent compared to August 2016, continuing an 18-month trend of diminishing year-over-year inventory. Full Story

August 2017

RI Home Sales Dip in July

Warwick, RI, August 23, 2017…Single-family home sales dropped 4.2 percent in July from 12 months prior, while the median price of those sales showed a modest increase of 2.9 percent, according to a report released today by RI Realtors. July’s median price of $270,000 was $5000 below that seen in June, but the second highest monthly median sales price of single-family home sales since 2007. The slowdown in July sales occurred just one month after year-over-year, double-digit increases were seen in both sales and median price. Full Story

July 2017

Median Price Continues to Climb in Second Quarter Home Sales

Warwick, RI (July 26, 2017) –Rhode Island’s single-family housing market saw a year-over-year gain in median price of 7.5 percent in the second quarter, according to a report released today by the Rhode Island Association of Realtors.  At $258,000, the median sales price of single-family homes sold from April through June of this year was 49 percent higher than the lowest quarterly price of the last decade - $173,250 recorded in the first quarter of 2012. Full Story

Median Sales Price Climbs in June's Housing Market

Warwick, RI, July 24, 2017…Rhode Island’s housing market continued to show gains in June with single-family home sales climbing 10.2 percent and the median sales price rising 12.2 percent from 12 months earlier. RI Realtors reported that last month’s median price of $275,000 represents the highest monthly median price of single-family home sales since September of 2007. Full Story

June 2017

Record-Breaking May for Rhode Island’s Housing Market

Warwick, RI – June 27, 2017… The Rhode Island Association of Realtors announced that Realtors transacted more single-family home sales last month than any other May since 1998, the year the Association began keeping monthly records. The surge in sales ended a short period of year-over-year decline in the early part of the year.  Single-family home sales were 5.9 percent higher last month than they were in May of 2016. Full Story

May 2017

R.I.'s Multifamily Home Sales Soar in April

Warwick, RI, May 24, 2017…The multifamily home sector ruled Rhode Island's housing market in April. Investors looking to capitalize on rising rents drove a 43 percent increase in sales over April of 2016.  The median price of those sales rose 6.9 percent from the prior year, to $192,500 according to statistics released today by the Rhode Island Association of Realtors. Full Story

R.I. CONDO/SINGLE-FAMILY HOME SALES SET NEW RECORDS IN FIRST QUARTER

Warwick, R.I., May 3, 2017…Despite diminishing inventory, single-family home sales broke all records in the first quarter, rising an additional two percent from the past record set in the first quarter of 2016. The median selling price of homes sold also increased to $230,000, a 2.2 percent gain. Full Story

April 2017

March Home Sales Data Released by RI REALTORS

Warwick, RI, April 27, 2017…March sales of single-family homes showed minimal change from the prior year according to the Rhode Island Association of Realtors.  Realtor-transacted sales remained relatively stable, falling just 1.2 percent from March of 2015 and the median price of those sales rose 2.2 percent to $235,000. Full Story

March 2017

Rhode Island Home Sales Slip in February

Warwick, RI – March 29, 2017…The latest sales data released by the Rhode Island Association of Realtors reflects a sharp drop in sales heading into the spring market.  Closing activity of single-family homes dropped 6.9 percent in February compared to 12 months earlier.  Full Story

February 2017

Sales of All Properties Types Spike in January

Warwick, RI, February 28, 2017 --  January sales statistics released today by the Rhode Island Association of Realtors show a strong surge in closing activity at the beginning of the year. Single-family home sales rose 21 percent compared to January of 2016.  The median sales price of those sales was $225,000, $1500 less than the prior year. Full Story

Strength of Rhode Island’s 2016 Housing Market Continues in December

Warwick, RI, February 3, 2017 -- RI Realtors released December home sales statistics today which showed year-over-year increases in both sales activity and the median sales price of single-family homes. Realtor statistics showed that more homes were sold this past December than any other December on record. Full Story

January 2017

Record Rhode Island Home Sales in 2016

Warwick, RI, January 25, 2017 -- Rhode Island’s home sales hit new levels in 2016 with 11,038 single-family homes sold, 12.4 percent more than 2015. Today, the Rhode Island Association of Realtors reported that Rhode Island Realtors transacted 1013 more single-family home sales than the previous record reached in 2004, leaving no doubt that 2016 was the year when Rhode Island’s housing market firmly reestablished its footing. Full Story

 

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