Rhode Island Home Sales and Prices at November High

Dec 24, 2018

Home sales and prices in Rhode Island hit a new peak for November, according to new data from the R.I. Association of Realtors (RIAR) and State-Wide Multiple Listing Service (MLS).

Single-family home sales in Rhode Island recorded a 2.1 percent increase in November from one year earlier while the median sales price of $267,700 represented a 3.4 percent year-over-year hike. The median selling price was the highest in November since 2006.

The median number of days that a Rhode Island home stayed on the market last month dipped to 61, down from 63 in November of 2017, while the number of single-family homes listed for sale through MLS rose 6.9 percent. There was a 3.8-month supply of homes for sale last month versus a 3.4-month supply one year earlier.

“There’s no doubt about it, Rhode Island’s housing market is still going strong,” said Dean deTonnancourt, RIAR’s 2019 president. “Sales are up, prices are up, and buyers are beginning to get some relief with more homes coming on the market. Inventory is still scarce but the number of homes available for sale has been increasing each month.”

About the author

Phil Hall

Link copied

Published

Dec 24, 2018

Industry News

Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Commercial and multifamily mortgage debt outstanding surpassed $5 trillion for the first time during the first quarter of 2026, according to new data from the Mortgage Bankers Association (MBA).MBA's latest Commercial/Multifamily Mortgage Debt Outstanding report found total ...

Tech

Blue Sage Expands SageVision, UW Studio, Voice AI Capabilities

Latest updates bring embedded AI automation to lending and servicing workflows

Blue Sage Solutions has expanded its artificial intelligence platform with new automation capabilities for document analysis, underwriting workflows, and mortgage servicing operations.The mortgage technology provider announced enhancements across three core components of its...

Sep

San Francisco, CA

More from

Industry News

Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Industry News

Jun 18, 2026

Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Industry News

Jun 18, 2026

Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Industry News

Jun 17, 2026

Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power