Rhode Island

Is now a good time to try and buy a house in RI? Here’s what the market looks like.

Published

1 year ago

December 2, 2024

Press Room

Is now a good time to try and buy a house in RI? Here’s what the market looks like.

The median multi-family price nearly hit $600,000 in September

For the past two months and leading up to the presidential election, real estate agent Bryan Quinlan has seen the housing market slowing down, with fewer listings and more houses sitting on the market for longer.

Now that the uncertainty over the next president is gone, things are starting to pick up, he said. Quinlan is with Keller Williams Realty Leading Edge.

The latest numbers from the Rhode Island Association of Realtors on home sales match what Quinlan saw: decreased sales with a stagnant median selling price.

The median single-family home price hit its highest level in June 2024, at $494,000, lowering to $485,000 in September and October.

During the summer, the number of single-family home sales was higher, 812 in July, 804 in August, before slipping back down in September to 691 and in October at 680.

The latest housing numbers for October show more inventory than last winter, with 1,322 houses listed for sale compared to between 822 and 917 listed from December 2023 to March 2024.

The price remains high, although how much higher prices will go is an open question.

Houses continue to sit on the market for longer than they did earlier in the summer:

31 days in August, September and October
27 days in May
23 days in June
18 days in July

What are they saying? “We’re seeing homeowners who are tapping into their equity and 401K and competing for properties with first-time home buyers without those luxuries,” Rhode Island Association of Realtors President Chris Whitten wrote in a news release. “Many are cash buyers who are downsizing or buying a second home. It’s tough for younger buyers to compete with that.”

The solution to high prices, the lack of inventory, and the lack of diverse inventory, which would allow empty nesters to downsize or growing families to upsize, is to build more housing. To that end, his association will be “working closely with legislators who are willing to help remove barriers to building and enable the creation of more homes,” Whitten wrote.

What’s happening in the multi-family market?

In the multi-family market, median prices hit a new record high of $595,000 in September before sinking down to $560,000 in October. The multi-family and condo markets can be a little skewed with median prices because of the lower volume of sales and inventory, with 125 multi-family houses sold in September and 143 sold in October.

For the sake of comparison, 691 single-family homes sold in September and 680 in October.

The multi-family market remains hot, with an average of 23 days on the market in September and 26 days in October.

“There’s always demand for multi-family houses,” Quinlan said. “Even when I got into real estate eight years ago, there was always high demand compared to single-family houses, in a slower market. You can sell any multi-family easily for half a million, and it doesn’t matter the condition so long as it’s rentable.”

Is this the new normal? Quinlan said prices will likely eventually stagnate within the next two years but the lack of inventory keeps pushing prices higher and higher, even as higher prices and mortgage rates shrink the pool of potential buyers.

“Maybe it’s not a 5% increase, as it depends on the economy and the new president as well,” Quinlan said.

What’s going on in the condo market?

Historically the type of place where people who can’t afford to buy a single-family house would look, condos are a little cheaper than their single-family counterparts in terms of absolute price, but the median price is subject to more variability because of the low number of sales, 183 in October and 178 in September, and how some segments of the market sell for millions.

In October, the median condo price was $355,000, down from $427,450 in September and up from $330,000 in August. The peak median condo price was September, followed by July at $395,000.

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Follow Wheeler Cowperthwaite on X, @WheelerReporter, or reach him by email at wcowperthwaite@providencejournal.com.

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Rhode Island

RI Lottery Mega Millions, Numbers Midday winning numbers for March 10, 2026

Published

5 hours ago

March 11, 2026

Press Room

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

Here’s a look at March 10, 2026, results for each game:

Winning Mega Millions numbers from March 10 drawing

16-21-30-35-65, Mega Ball: 07

Check Mega Millions payouts and previous drawings here.

Winning Numbers numbers from March 10 drawing

Midday: 9-1-3-0

Evening: 4-2-1-9

Check Numbers payouts and previous drawings here.

Winning Wild Money numbers from March 10 drawing

11-12-16-27-34, Extra: 05

Check Wild Money payouts and previous drawings here.

Winning Millionaire for Life numbers from March 10 drawing

03-27-43-45-49, Bonus: 04

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.

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Rhode Island

Thousands drop public health insurance coverage in RI after premiums spike

Published

17 hours ago

March 10, 2026

Press Room

Thousands drop public health insurance coverage in RI after premiums spike

Thousands of Rhode Islanders dropped their health insurance plans after federal subsidies expired.
Enrollment in HealthSource RI, the state’s marketplace, fell by 20% in early 2024.
The average premium for enrollees more than doubled as federal funding ended.

Thousands of Rhode Islanders dropped health insurance coverage through Rhode Island’s public insurance marketplace instead of maintaining plans with rising premiums and lower subsidies, HealthSource RI said.

Enrollment through HealthSource, Rhode Island’s “Obamacare” exchange, plunged 20% between the end of last year and the close of the annual enrollment period a month later, as federal funding for premium tax credits expired, according to a HealthSource new release.

There were 48,060 individual and family enrollments on Dec. 31 of last year, the day the premium subsidies from the American Rescue Plan and Inflation Reduction Act ended.

On Feb. 1, there were 38,557 enrollments.

Before this drop, HealthSource has posted enrollment increases almost every year since Affordable Care Act exchanges launched in 2013.

How did we get here?

Last year, the Republican-controlled federal government declined to extend premium tax credits after a protracted budget battle with congressional Democrats, who are now negotiating to restore the health insurance subsidies.

The lapse in subsidies coincided with an increase in premiums, driven by a combination of factors, which sent the total cost of coverage climbing.

The average premium across HealthSource enrollees more than doubled (101%,) the exchange said, or $111 per person, per month.

Many enrollees opted for cheaper insurance plans despite their higher deductibles and out-of-pocket costs.

Others dropped coverage altogether.

“The increase in premiums, combined with the decrease in federal supports, makes this an incredibly challenging year for folks depending on HealthSource RI for health coverage,” HealthSource Director Lindsay Lang said in the release. “Having health coverage helps protect against one bad turn of luck becoming years of financial burden. We will work with every customer to find options that are best for their needs and budget, and continue to work with state leaders and our federal delegation to find long-term solutions.”

Could help be on the way?

Gov. Dan McKee included $9.5 million in his proposed state budget for the year starting July 1 to subsidize coverage for some of the lowest-income exchange enrollees.

The enrollment declines show that may be too little for some Rhode Islanders, and too late for others.

“It is disheartening but not surprising that, as President Trump’s policies have caused health insurance costs to skyrocket, more Rhode Islanders are struggling to pay for health coverage,” McKee said.

Since the exchange opened in 2013, Rhode Island’s uninsured rate has declined by two thirds, down to 2.2%, HealthSource said.

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Rhode Island

RI Lottery Powerball, Numbers Midday winning numbers for March 9, 2026

Published

1 day ago

March 10, 2026

Press Room

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

Here’s a look at March 9, 2026, results for each game:

Winning Powerball numbers from March 9 drawing

22-23-28-36-54, Powerball: 13, Power Play: 3

Check Powerball payouts and previous drawings here.

Winning Numbers numbers from March 9 drawing

Midday: 5-7-4-4

Evening: 2-1-3-2

Check Numbers payouts and previous drawings here.

Winning Wild Money numbers from March 9 drawing

02-14-16-34-35, Extra: 10

Check Wild Money payouts and previous drawings here.

Winning Millionaire for Life numbers from March 9 drawing

06-16-26-41-43, Bonus: 03

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.

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