August 2024 RI Market Report

August 2024 RI Market Report

August 2024 Rhode Island Real Estate Market Report

Single family home sale prices have stayed elevated year-over-year, likely due to low inventory. A balanced market should have about six months of available inventory, while August 2024 had just 1.9 months of inventory. While mortgage rates seem to be coming down slightly, there is still significant buyer demand for well-priced homes.

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July 2024 RI Market Report

July 2024 RI Market Report

July 2024 Rhode Island Real Estate Market Report

Single family home sale prices have stayed elevated year-over-year, likely due to a lack of inventory. A balanced market should have about six months of available inventory, while July 2024 had just 1.7 months of inventory. While mortgage rates seem to be coming down slightly, there is still significant buyer demand for well-priced homes.

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