Connect with us

Rhode Island

Among US cities, Providence had fewest homes linger on the real estate market in November, Redfin says – The Boston Globe

Published

on

Among US cities, Providence had fewest homes linger on the real estate market in November, Redfin says – The Boston Globe


Nationally, over half, or 54.5 percent of home listings in November, lingered on the market for at least 60 days, up from 49.9 percent from the same time last year, Redfin reported. The total was the highest for any November since 2019.

Milwaukee, Wis., followed Providence at 38.8 percent, with Montgomery County, Penn., in third at 41.4 percent, according to the report released Monday.

Miami saw the highest percentage of “stale” listings, with 63.8 percent remaining on the market after 60 days, followed by Austin, Texas, and Fort Lauderdale, Fla.

The only New England city besides Providence included in the top 50 most populated metropolitan areas is Boston, which saw a rate of 44.2 percent.

“A lot of listings on the market are either stale or uninhabitable,” Meme Loggins, a Redfin real estate agent in Oregon, said in the report. “There’s a lot of inventory, but it doesn’t feel like enough.”

So what’s different about Providence?

There are a number of factors in play, including demand for rental properties, according to Alysandra Nemeth, a local Redfin real estate agent.

Advertisement

Nemeth told the Globe on Friday several multifamily homes she sold in the last few months moved quickly.

“If you have a multifamily [listing] that comes up and you’ve got an investor or someone that’s looking to owner-occupy a property and rent some out … it’s the perfect scenario because there’s no shortage of people that are looking to rent within the area,” Nemeth said.

Nemeth thinks the lack of inventory in the Rhode Island market is also keeping listings fresh.

Data released by the Rhode Island Association of Realtors in December showed there was a less than two months worth of supply of single-family homes across the state — well below the six-month supply level considered indicative of a healthy real estate market.

Driven, in part, by the competition for properties, the median statewide home price soared more than 11 percent year over year to $480,000, according to the association.

Advertisement

“It just continues to be a battle where, you know, if a good home comes on the market and it’s priced right, it’s probably going to go quicker, and entertain more offers than some other areas,” Nemeth said.

Providence’s location is also desirable for buyers, Nemeth said. There’s easy access to Boston and New York City, all with a considerably lower price point than those metro areas, Nemeth said.

And Providence has plenty of appeal of its own, too.

“There’s just a lot of, like, great culinary experiences in Providence — like the food here is amazing,” Nemeth said. “So that also goes hand in hand with it. There’s a lot going on. This city is probably like the next city to watch out for.”


Advertisement

Christopher Gavin can be reached at christopher.gavin@globe.com.





Source link

Rhode Island

Weather Now: Showers, T’storm Today

Published

on

Weather Now:  Showers, T’storm Today


Good morning! Happy Thursday! Today will be pretty unsettled with the chance for showers and t’storms. Friday will still be damp with showers and drizzle, but the weekend still looks amazing!

The one good thing with the rain, for allergy sufferers at least, the pollen levels will be lower. In fact, both today and tomorrow, the tree pollen counts will be low locally. Do expect a spike in the pollen count for Saturday and Sunday with the dry weather.

INTERACTIVE RADAR: Live Pinpoint Weather 12 Radar »

“https://www.wpri.com/weather-now/weather-now-for-thu-5-14-26/” FLIGHT TRACKER

Advertisement

“https://www.wpri.com/weather-now/weather-now-for-thu-5-14-26/” POWER OUTAGES

TODAY

Hour-by-hour forecast for today…

Hour by Hour // A close look at the upcoming conditions »

We’ll have some showers around during the morning commute today, but the greatest chance for showers and t’storms will be after 9AM and before 5PM.

Showers and thunderstorms could slow travel around mid-day. Rain could fall heavily at times.

A line of showers and t’storms will be sweeping across the area through the afternoon as a slow-moving weather systems moves through the region.

Highs today will be in the upper 50s to lower 60s with southeast to east winds of 5-15mph.

“https://www.wpri.com/weather-now/weather-now-for-thu-5-14-26/” BEACH AND BOATING FORECASTS

TONIGHT

Showers are still possible this evening; although they won’t be as numerous.

TOMORROW

That low center will be nearby Friday morning, and we’ll be stuck with a damp, cool windflow. Expect drizzle and showers in the morning and possibly some lingering showers in the afternoon.

Highs Friday will only be in the 50s. The average high this time of year is in the upper 60s.

LOOKING AHEAD

Then…there’s the weekend. Saturday looks amazing with lots of sunshine and dry weather. It’ll be warmer, too, with highs in the 70s.

-Meteorologist T.J. Del Santo

T.J. Del Santo (tdelsanto@wpri.com) is the weekday morning and noon meteorologist for 12 News. Connect with him on Facebook and Twitter and Instagram and Threads and BlueSky.

Advertisement

______________________________________________________________________________________________________





Source link

Continue Reading

Rhode Island

Rhode Island Department of Health issues overdose alert for Johnston, North Providence

Published

on

Rhode Island Department of Health issues overdose alert for Johnston, North Providence


The Rhode Island Department of Health issued an overdose spike alert for Johnston and North Providence.

Health officials said over the past week, five Johnston and North Providence residents received medical care for a drug overdose.

According to RIDOH, these municipalities have historically lower overdose rates than the statewide average.

Comment with Bubbles
Advertisement

BE THE FIRST TO COMMENT

Residents can visit Prevent Overdose RI connect with community harm reduction organizations and find treatment.



Source link

Continue Reading

Rhode Island

RI Lottery Mega Millions, Numbers Midday winning numbers for May 12, 2026

Published

on


The Rhode Island Lottery offers multiple draw games for those aiming to win big.

Here’s a look at May 12, 2026, results for each game:

Winning Mega Millions numbers from May 12 drawing

17-32-35-40-47, Mega Ball: 17

Check Mega Millions payouts and previous drawings here.

Advertisement

Winning Numbers numbers from May 12 drawing

Midday: 1-5-2-0

Evening: 1-6-0-3

Check Numbers payouts and previous drawings here.

Winning Wild Money numbers from May 12 drawing

23-27-29-31-35, Extra: 12

Check Wild Money payouts and previous drawings here.

Advertisement

Winning Millionaire for Life numbers from May 12 drawing

19-21-35-38-53, Bonus: 01

Check Millionaire for Life payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your prize

  • Prizes less than $600 can be claimed at any Rhode Island Lottery Retailer. Prizes of $600 and above must be claimed at Lottery Headquarters, 1425 Pontiac Ave., Cranston, Rhode Island 02920.
  • Mega Millions and Powerball jackpot winners can decide on cash or annuity payment within 60 days after becoming entitled to the prize. The annuitized prize shall be paid in 30 graduated annual installments.
  • Winners of the Millionaire for Life top prize of $1,000,000 a year for life and second prize of $100,000 a year for life can decide to collect the prize for a minimum of 20 years or take a lump sum cash payment.

When are the Rhode Island Lottery drawings held?

  • Powerball: 10:59 p.m. ET on Monday, Wednesday, and Saturday.
  • Mega Millions: 11:00 p.m. ET on Tuesday and Friday.
  • Lucky for Life: 10:30 p.m. ET daily.
  • Millionaire for Life: 11:15 p.m. ET daily.
  • Numbers (Midday): 1:30 p.m. ET daily.
  • Numbers (Evening): 7:29 p.m. ET daily.
  • Wild Money: 7:29 p.m. ET on Tuesday, Thursday and Saturday.

This results page was generated automatically using information from TinBu and a template written and reviewed by a Rhode Island editor. You can send feedback using this form.



Source link

Advertisement
Continue Reading
Advertisement

Trending