Rhode Island Real Estate in July: Sales Down 9% YoY, Inventory Down 24% YoY

Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

For for the entire state of Rhode Island:

Closed sales (single family and condos) in July 2021 were 1,305, down 9.3% from 1,439 in July 2020.

Active Listings (single family and condos) in July 2021 were 2,110, down 24.0% from 2,775 in July 2020.

Inventory in July was up 6.3% from last month, and up 84.6% from the all time low in May 2021.

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