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Is Now the Right Time to Buy or Sell in Rhode Island's Real Estate Market? – Newport Buzz

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Is Now the Right Time to Buy or Sell in Rhode Island's Real Estate Market? – Newport Buzz


by Connor Dowd

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 in Rhode Island reached $470,000 in December 2024, marking a 10.1% increase from December 2023. This upward trajectory continued into January 2025, with home prices up 9.8% year-over-year.
  • Sales Activity: December 2024 saw a 30.3% rise in year-over-year home sales, the largest annual gain since January 1999. This momentum carried into January 2025, with the number of homes sold increasing by 6.6% compared to the previous year.
  • Inventory Levels: The number of homes for sale rose by 1.7% in January 2025, indicating a slight easing of the previously tight inventory. Experts anticipate that inventory will continue to increase, potentially reaching about 1,500 units on the market.

Market Forecast

Providence, Rhode Island’s capital, is projected to be the third hottest major housing market in the U.S. for 2025, according to a recent analysis by Zillow. This forecast suggests sustained demand and competitive conditions in the region.

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Considerations for Buyers

For prospective buyers, the current market presents both opportunities and challenges. While increasing inventory may offer more options, rising home prices and potential competition, especially in sought-after areas like Providence, necessitate prompt and informed decision-making. Additionally, interest rates remain a crucial factor to consider, as they directly impact mortgage affordability.

Considerations for Sellers

Sellers are in a favorable position due to the appreciating home values and robust sales activity. The heightened demand, particularly in markets like Providence, coupled with still-limited inventory, provides an advantageous environment for achieving strong sale prices.

Why Working with a Realtor is Essential

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Navigating today’s real estate market—whether buying or selling—requires expert guidance, market knowledge, and strong negotiation skills. That’s where The Dowd Team at Keller Williams Realty comes in.

Our team understands the nuances of Rhode Island’s fast-paced market and provides clients with the insights they need to make confident decisions. With a deep understanding of pricing trends, local neighborhoods, and negotiation strategies, we ensure that buyers secure the best possible deals and sellers maximize their returns.

From first-time homebuyers to seasoned investors, we offer a seamless experience, handling everything from property searches and marketing to closing negotiations and paperwork. In a competitive market like Rhode Island’s, working with an experienced Realtor can make all the difference in achieving your real estate goals.

Conclusion

377 Rumstick Road

The Rhode Island real estate market in early 2025 is characterized by rising home prices, increased sales, and gradually improving inventory levels. Buyers should be prepared for a competitive landscape and act swiftly when opportunities arise, while sellers can capitalize on the current demand and favorable pricing trends. As always, individual circumstances and financial considerations should guide decisions, and consulting with a trusted real estate professional—like The Dowd Team—ensures you have the right strategy in place.

If you’re thinking about buying or selling in Rhode Island, reach out to The Dowd Team at Keller Williams Realty today. Let’s navigate the market together and achieve your real estate goals!

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Rhode Island

R.I. blood supply was low before Brown mass shooting – The Boston Globe

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R.I. blood supply was low before Brown mass shooting – The Boston Globe


PROVIDENCE — The Rhode Island Blood Center’s blood supply was low before Saturday’s mass shooting at Brown University, and it is immediately stepping up blood drives to meet the need, an official said Sunday.

“We were definitely dealing with some issues with inventory going into the incident,” Executive Director of Blood Operations Nicole Pineault said.

The supply was especially low for Type 0 positive and negative, which are often needed for mass casualty incidents, she said. Type 0 negative is considered the “universal” red blood donor, because it can be safely given to patients of any blood type.

Pineault attributed the low supply to weather, illness, and the lingering effects of the pandemic. With more people working from home, blood drives at office buildings are smaller, and young people — including college students — are not donating blood at the same rate as they did in the past, she said.

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“There are a lot challenges,” she said.

But people can help by donating blood this week, Pineault said, suggesting they go to ribc.org or contact the Rhode Island Blood Center at (401) 453-8383 or (800) 283-8385.

The donor room at 405 Promenade St. in Providence is open seven days a week, Pineault said. Blood drives were already scheduled for this week at South Street Landing in Providence and at Brown Physicians, and the blood center is looking to add more blood drives in the Providence area this week, she said.

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“It breaks my heart,” Pineault said of the shooting. “It’s a terrible tragedy. We run blood dives regularly on the Brown campus. Our heart goes out to all of the victims and the staff. We want to work with them to get the victims what they need.”

She said she cannot recall a similar mass shooting in Rhode Island.

“In moments of tragedy, it’s a reminder to the community how important the blood supply really is,” Pineault said. “It’s an easy way to give back, to help your neighbors, and be ready in unfortunate situations like this.”

The Rhode Island Blood Center has donor centers in Providence, Warwick, Middletown, Narragansett, and Woonsocket, and it has mobile blood drives, she noted.

On Sunday, the center’s website said “Donors urgently needed. Hours extended at some donor centers, 12/14.”

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Edward Fitzpatrick can be reached at edward.fitzpatrick@globe.com. Follow him @FitzProv.





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Authorities provide update on deadly mass shooting at Brown University in Rhode Island

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Authorities provide update on deadly mass shooting at Brown University in Rhode Island


Authorities said two people were killed and eight more were injured in a mass shooting at Brown University, an Ivy League school in Rhode Island. Authorities said students were on campus for the second day of final exams.

Posted 2025-12-13T21:27:59-0500 – Updated 2025-12-13T22:03:08-0500



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RI school superintendent resigns amid antisemitic hazing investigation

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RI school superintendent resigns amid antisemitic hazing investigation


A Rhode Island school superintendent has resigned amid an investigation into alleged antisemitic hazing in the district, NBC affiliate WJAR-TV reports.

Smithfield Superintendent Dr. Dawn Bartz announced her resignation in a letter addressed to the school community. Bartz has been on leave since November after a report of hazing at Smithfield High School.

The Jewish Alliance of Rhode Island said five high school football players locked a freshman student in a bathroom, sprayed Lysol at the student and yelled antisemitic slurs.

In her resignation letter, Bartz focused on her successes surrounding academic outcomes, special education and STEM opportunities and other positives for the district, and thanked the community.

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“As Smithfield moves forward, I am confident the district will continue to build on this progress
and momentum. I wish all our students, staff, and families continued success in the years ahead,” she wrote.

The letter did not specify a reason for the resignation.

WJAR-TV first reported on the situation on October, when the Bartz released a statement on its investigation.

“The investigation confirmed inappropriate conduct among a small number of students,” Superintendent Dawn Bartz said in a provided statement. “Disciplinary action has been taken in accordance with district policy, and several student-athletes will not participate for the remainder of the season.”

The statement went on to say that there would be mandated training and education in response. However, the involved players were back at practice, which didn’t sit well with the victim’s family. His parents said his son walked into practice and found himself face-to-face with his alleged assailants.

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Five football players were initially removed from the team for the remainder of the season but were later reinstated. When asked about the reversal in October, Bartz issued a one-sentence statement saying, “The disciplinary process has concluded and we will not be discussing details involving students.”

Smithfield Town Council President John Tassoni said the situation has deeply divided the community.

“It’s a long time coming,” Tassoni said of Bartz’s resignation. “A lot of people are angry about what happened. A lot of people don’t know the truth of what happened, nor do I.”

An investigation is underway by the school committee’s attorney and a report is expected to be delivered to the school committee sometime next year, Tassoni added. However, some people have concerns about transparency and have floated the possibility of hiring an independent investigator.

The Jewish Alliance of Greater Rhode Island said they want the focus to be on student safety.

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“While we can’t speculate on the specific reasons behind the superintendent’s decision to resign, we remain focused on what matters most: that Smithfield schools become a place where Jewish students and all students feel safe, valued, and protected from bias and harassment,” President and CEO Adam Greenman wrote in an email.



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