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Rhode Island Single-Family Home Market Update – August 2025
Dated: September 20 2025
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Rhode Island Single-Family Home Market Update – August 2025
The Rhode Island housing market continues to show steady movement as we close out the summer season. Here’s a quick breakdown of the August 2025 single-family home sales report:
📊 Key Market Highlights
Median Sales Price: $510,000 (up 4% compared to last year)
Number of Sales: 767 homes sold (down 4.6%)
Pending Sales: 885 homes (down 2.3%)
Months of Supply: 2.8 months (indicating a strong seller’s market)
💡 What This Means for Buyers and Sellers
For Sellers: With home prices climbing and inventory still limited, sellers remain in a strong position. Homes priced competitively and presented well are moving quickly.
For Buyers: While affordability remains a challenge with rising prices, slightly fewer sales and pending contracts suggest a bit more breathing room than earlier in the year. Still, with just 2.8 months of supply, competition remains.
🏡 Bottom Line
The Rhode Island market remains tilted toward sellers, but motivated buyers still have opportunities if they’re prepared and working with a knowledgeable real estate professional.
If you’re thinking about buying or selling in Rhode Island, I’d be happy to walk you through your options and help you take the next step.
📞 Guillermo Hurtado
RE/MAX 1st Choice
(508) 493-9344
guillermohurtado.realtor@gmail.com
Guillermo Hurtado
As a RE/MAX agent, I'm dedicated to helping my clients find the home of their dreams. Whether you are buying or selling a home or just curious about the local market, I would love to offer my support ....
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