Tuesday, April 19, 2016

The Current State of The Rhode Island Housing Market April 2016

The Current State of The Rhode Island Housing Market April 11 - 17, 2016
By Emilio DiSpirito


Current Single Family Active Inventory: 3150
Current Single Family Active New Inventory: 551
Current Single Pending Inventory: 2426

Active Inventory 55% Lower than Normal! 
77% of Inventory is Pending!!

Hottest Selling Single Family Price Range Right Now in RI $300,000 to $399,900 with 14% of the market and 333 units now pending. 

Hottest New Listing Price Range in RI $200,000 to $249,900 with 17% of all New Listings with 93 Units in the past 14 days. 


Current Condo Active Inventory: 640
Current Condo Active New Inventory: 106
Current Condo Pending Inventory: 388

Current Muti Family Active Inventory: 430
Current Multi Family Active New Inventory: 56
Current Multi Family Pending Inventory: 498

116% of Multi Family Homes On The Market Are Pending.. More Homes Pending Than Active!!

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