Why March 2017 is the Time to Make a Fortune When Selling Your Home in the Rhode Island Real Estate Market

Why March 2017 is the Time to Make a Fortune When Selling Your Home in the Rhode Island Real Estate Market

By Emilio DiSpirito, Top listing agent
Ranked #4 Nationally with HomeSmart Professionals

Why not let the data speak!

Historically low inventory in the real estate market. Click Link to Watch Quick Video on RI Real Estate Market Incites

The chart may say 5,541 active homes for sale, but what the chart is not telling you is this:

• There are only 2,385 actual single family homes active for sale on the market today! Many of what is shown in chart has sold or is now pending!
• We have 4 times less the homes on the market than we traditionally do have
• 75% less inventory than we should have
• All time low!
• Nearly 2 homes listed for every Realtor in Rhode Island
• Lowest competition when selling is now!! 

How Many Homes Sold in Rhode Island in 2016?

In 2016, we seen more homes sell than ever before. 

• 11,038 homes sold in Rhode Island in 2016
• up 12.43% over 2015
• Median Sale Price of Rhode Island homes is $239,900
• up 6.62% over 2015

Average Days on Market for Real Estate in Rhode Island

Currently, in Rhode Island we are in a sellers real estate market. When homes sell in under 150 days on average and close to list price, it's a couple of many indications that sellers are controlling the market. Every price range in Rhode Island is selling in under 150 DOM. 

Information deemed reliable, not guaranteed. Sources include Rhode Island MLS, RILIVING.com and professional experience.