12/20/2022
Warwick, R.I. – December 15, 2022 -- According to November home sales data recently released by the Rhode Island Association of Realtors, just 660 single-family homes sold in Rhode Island last month, compared to 1012 a year earlier, a 34.8% drop. Pending contracts - deals in progress but not closed as of the end of November - dropped 40% from 12 months earlier. The decline points to a rapidly slowing market heading into 2023.
While sales activity slowed, the median price of sales rose 9.7% year-over-year, to $411,450.
https://www.rhodeislandliving.com/PressReleases/Archives/2022/December/Infographics/Infographic-November-2022.pdf
