Rhode Island Real Estate Market Report March 2024
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Rhode Island- According to the Real Estate Institute of Rhode Island in March 2024, the Rhode Island real estate market continued to exhibit robust activity. With a median home price reaching $440,000, the market sustained its upward trajectory, indicating healthy demand.
Total sales amounted to 530 transactions within the state. Moreover, pending sales soared to 860, suggesting a strong pipeline of future transactions.
With only 0.87 months of inventory available, the market remained highly competitive, with limited options for buyers. Overall, March showcased Rhode Island's resilient real estate landscape, marked by increasing prices and brisk sales activity.
Real Estate Institute of Rhode Island
980 Reservoir Ave
Cranston, RI 02910
401-943-8500
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