03/20/2026
In February, a combination of weather, economic uncertainty, and the continued critical supply shortage, caused R.I.’s home sales to fall 13.6% year-over-year, according to a new report released by the Rhode Island Association of Realtors.
Last month’s 349 single-family home sales signified the lowest number of monthly sales recorded since February 2011. Multifamily home sales rose by 2.4%, though pending sales dropped 11.6% from a year ago, indicating a slowdown in the weeks ahead.
The Association also reported that there were 4.8% fewer homes for sale than during the same time last year, increasing the gap between supply and demand. As a result, prices continued their upward trajectory with the median price of $475,000 representing a 4.3% hike since February 2025.
🔗 For more market insights, read the full article at: www.rirealtors.org/news
