While the housing supply remains tight, the supply continued to grow in August, a promising trend seen in sales statistics, said representatives from the Rhode Island Association of Realtors on Sept. 19.

According to data, all single-family homes on the market would be sold in 2.8 months if no new properties were listed. While that period is half the time that typically indicates a market balanced between buyers and sellers, 2025 could be the first year that shows consistent growth in housing supply with no monthly year-over-year declines since at least 2015, the year the association added supply indicators to its monthly record-keeping.

The median sales price of single-family homes sold in Rhode Island in August rose 4 percent to $510,000, while the number of sales fell overall by 4.6 p

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