GoLocalProv | RI Has Lowest Inventory of Homes for Sale During Spring Season on Record

PHOTO: GoLocal
The number of homes for sale for the spring season in Rhode Island is the lowest on record.
With just 1192 single-family homes on the market in Rhode Island, the current inventory is approximately 25% less than the previous monthly record low of 1594 in the spring of 2002, said the RI Association of Realtors.
Not only has the number of single-family homes for sale averaged roughly half of that recorded during the first quarter of 2020, there seems to be no letup in sight. GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST
According to the realtors, at the current rate of sales, if no more listings were added to the supply, no single-family homes would be available for purchase within 1.2 months, continuing a record low set in February.

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