05/01/2026
First-quarter single-family home sales fell by nearly nine percent year-over-year, and by the end of the quarter, March sales remained 5.3% below the prior year.
The single-family home price of $514,250 was the third-highest monthly median price on record, below only June and September of last year.
“Bad weather, tariffs and economic uncertainty limited home sales in the first quarter. By March, increasing interest rates, stock market volatility and escalating global tensions kept buyers and sellers on the sidelines. At the same time, we still have a very low supply of homes for sale, roughly half the national average, which is keeping prices elevated. Fortunately, Rhode Island is making headway with building permits significantly up over the past few years,” said Michael Pereira, President of the RIAR.
🔗 For more market insights, read the full article at: www.rirealtors.org/news
