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Is Now the Right Time to Buy or Sell in Rhode Island’s Real Estate Market?

Obituary: Richard J. Nagle (1970-2025)

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Is Now the Right Time to Buy or Sell in Rhode Island’s Real Estate Market?

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Is Now the Right Time to Buy or Sell in Rhode Island’s Real Estate Market?

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Obituary: Richard J. Nagle (1970-2025)

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Portsmouth Man Charged with Arson for Torching Newport Condo Complex

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Happy Saturday, February 22nd! Here’s What’s H

Happy Saturday, February 22nd! Here’s What’s Happening in Newport today.

@diegosnewport @newport.mansions @newportlobstershack @waterbrothers @thequenchernewport @ticketsnewport @tavernonbroadway @viestesimplyitalian
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#newportbuzz #newportri #rhodeisland #scenesofnewengland #newengland

As of February 2025, Rhode Island’s real estate

As of February 2025, Rhode Island’s real estate market is experiencing notable activity, prompting both buyers and sellers to evaluate their positions. Recent data indicates a dynamic environment with rising home prices and increased sales activity.

Current Market Trends
Home Prices: The median home price reached $470,000 in December 2024, reflecting a 10.1% increase from the previous year. This upward trend continued into January 2025, with prices up 9.8% year-over-year.

Sales Activity: December 2024 home sales surged 30.3% year-over-year—the largest annual gain since 1999. January 2025 saw continued momentum, with sales rising 6.6% from the previous year.

Inventory Levels: The number of homes for sale rose by 1.7% in January 2025, slightly easing previous inventory constraints. Experts predict further increases, with available properties expected to reach around 1,500 units.

Market Forecast
Providence is projected to be the third hottest housing market in the U.S. in 2025, according to Zillow, indicating sustained demand and a competitive environment for buyers.

What Buyers & Sellers Should Know
Buyers: While increasing inventory may offer more options, rising prices and high demand require buyers to act quickly and strategically. Mortgage rates also play a critical role in affordability.

Sellers: The market continues to favor sellers, with appreciating home values and strong buyer demand. Homes in desirable areas, especially Providence, are selling quickly and at competitive prices.

Why Work with The Dowd Team?
Navigating Rhode Island’s fast-moving market requires expert guidance. The Dowd Team at Keller Williams Realty provides the insights and negotiation skills needed to help buyers secure great deals and sellers maximize their returns. From property searches and marketing to closing negotiations, we offer a seamless experience for all clients.

Ready to Make a Move?
Whether buying or selling, @thedowd is here to guide you through every step. Contact us today and let’s achieve your real estate goals together!

#realestate #rhodeisland #newportri #thedowdteam #newportbuzz

Each year on February 22, the Rhode Island Society

Each year on February 22, the Rhode Island Society Sons of the Revolution gathers at the Redwood Library & Athenaeum to commemorate the birthday of George Washington with a formal tribute at the Houdon statue of the nation’s first president.

This year’s event will take place on Saturday, February 22, at 11:30 AM at the Redwood Library. The ceremony, held on the library’s south porch, features military honors, historical readings, and a musket salute.

The event is a longstanding tradition, blending reverence and pageantry. The Rhode Island Society Sons of the Revolution, joined by the Artillery Company of Newport, presents a color guard in honor of Washington. The statue, a replica of the famed marble sculpture by French artist Jean-Antoine Houdon that resides in the Virginia Capitol, serves as the focal point for the ceremony.

The Washington Salute, a popular annual tradition at the Redwood, will once again be staged by the Rhode Island Society Sons of the Revolution. The 293rd birthday tribute to George Washington will feature a history of Washington’s life, a reading of his Prayer For The Nation, a wreath laying, and conclude with a musket salute by the Artillery Company of Newport.

Col. Roy D. Lauth, Sr., President of the Rhode Island Society Sons of the Revolution, and Dr. Benedict Leca, Executive Director of the Redwood Library & Athenaeum, will offer remarks, reflecting on Washington’s enduring legacy. A reading of Washington’s Prayer for the Nation will follow, underscoring the first president’s vision for unity and prosperity. The tribute concludes with a solemn wreath laying and a musket salute performed by the Artillery Company of Newport under the command of Col. Robert Beebe.

The Redwood Library & Athenaeum, founded in 1747, is the oldest lending library in America and one of the oldest libraries in continuous use in the country. The institution remains a historic and cultural cornerstone of Newport, providing a fitting backdrop for this annual observance of Washington’s birthday.

#GeorgeWashington #NewportRI #NewportBuzz

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