North Kingstown Rhode Island Real Estate Market Update

 North Kingstown Rhode Island Real Estate Market Update

 

 North Kingstown RI Real Estate Market Update

Mount View Neighborhood of Seaside Homes

North Kingstown Rhode Island Real Estate Market Update – August 2012

North Kingstown RI single family home sales for August 2012 were as follows:

North Kingstown Rhode Island Real Estate Market Update

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25 North Kingstown homes sold

  11 homes sold over $400,000

  8 homes sold for between $300,000-$400,000

    6 homes sold for under $300,000

 North Kingstown RI Real Estate Market Update 

What You Should Know About North Kingstown Rhode Island Real Estate Market:

 

Average Home Sale Price in August 2012 was $371,378,  homes sold for 97% of  average list price and were on the real estate market for 71 days on average.  This is an increase over July’s sale price, homes sold were on the market a shorter period of time and sales volume is up by 21% in August over July 2012.  

 

Median Home Sale Price in August 2012 was $344,000, homes sold for 97% of median list price and were on the real estate market for 42 days.  Median price is up and days on market to a sales agreement is down.  This is a stronger real estate market appearing.

There were 208 North Kingstown homes for sale in August 2012 which is a 3% decrease in home inventory over July.

Yet, if you look at the sales numbers above it is interesting how strong the North Kingstown real estate market is here for homes over $400,000.

 

The North Kingstown real estate market remains a buyers market overall with 8 1/2 months supply of homes on the market.  However, this is an improvement in home inventory levels as they continue to decrease.

 

There were 2 North Kingstown short sales sold in August 2012.
North Kingstown RI has a supply of waterfront North Kingstown homes for sale for over $1 million.  There were 11 North Kingstown luxury homes for sale over $1 million.

 

There are 27  pending homes sales at present which is a 16% decrease from July.   It remains a good time to buy Rhode Island real estate while mortgage rates remain low and home choices are available.  Explore some of the North Kingstown neighborhoods here .

When you need guidance call me at 401.529.7849 and let my Rhode Island real estate knowledge guide you.   I’d love the opportunity to help or email me at RiByTheBay@gmail.com to schedule an appointment.

 

Discover the North Kingstown Rhode Island Real Estate Market.

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Ginny Lacey Gorman, RI real estate agent is your go to North Kingstown agent for real estate in North Kingstown RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well. 

 Waterfront, oceanfront, luxury and coastal RI real estate are my specialty but all of RI is my backyard.    When you are in need of a good professional for your buying and selling needs and an internet savvy agent and marketer who sells RI houses in this real estate market – call Ginny at 401.529.7849.

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