Hey there, home buyers and sellers! We've got some great news for you - the Rhode Island Spring housing market is going strong! While inventory remains low, activity remains high. We've compared the year-over-year numbers from April 2023. Here are the highlights:
RI Single Family Home Sales
- Median Sales Price - $425,000 (up 1.7%)
- Average SP - $527,550 (down 2.7%)
- SP/OLP Ratio - 98.52%
- Avg DOM - 31 Days (up 13.6%)
- Total Sales - DOWN 33.1%
RI Multi-Family Homes
- Median Sales Price - $450,000 (up 6.5%)
- Average SP - $487,598 (up 4.1%)
- SP/OLP Ratio - 100.21%
- Avg DOM - 28 Days (up 1%)
- Total Sales - DOWN 38.1%
RI Condo Sales
- Median Sales Price - $339,950 (up 8.3%)
- Average SP - $421,945 (up 7.2%)
- SP/OLP Ratio - 100.10%
- Avg DOM - 29 Days (down 6.7%)
- Total Sales - DOWN 39%
City of Warwick Single Family Home Sales
- Median Sales Price - $350,000 (down 4.1%)
- Average SP - $390,058 (down 8.0%)
- SP/OLP Ratio - 99.02%
- Avg DOM - 24 Days (up 4.1%)
- Total Sales - DOWN 44.2%
At our agency, we know that these numbers can be overwhelming, and it can be tough to know what they mean for your unique situation. That's where we come in! Our experienced team is ready to help you navigate the market and find the best deal for you.
Don't hesitate to reach out to us for more information on how we can help you buy or sell your home in this competitive market.
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