In the News: Rhode Island Real Estate Market Gains 2019-2023

Significant gains year over year is good news for home owners in Rhode Island!

According to the press release from RIAR: “When comparing pre-pandemic data from the second quarter of 2019, residential home sales have seen a five-year gain in median price of 47.3% for single-family homes, 56.8% for condominiums and 78.7% for multifamily homes. While the median price reflects the midpoint of sales and not specific appreciation for individual homes, it does reflect movement in the market overall.”

Take a look at this data which highlights the tremendous growth of the median sale price for homes in Rhode Island since 2019:

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