The South Kingstown RI Real Estate Market Statistics for October 2010 for sold homes are as follows:
17 South Kingstown RI homes sold in this dollar range:
5 homes sold for over $400,000
0 homes sold for between $300,000-$400,000
12 homes sold for less than $300,000
Approximately 260 homes are on the market during the month of October 2010 in South Kingstown RI which was a 5% drop(15 fewer homes) in the number of homes sold over the prior month of September 2010. The home inventory level remains high which means buyers continue to have more homes to choose from and for buyers to be selective about their choices. Besides that mortgage rates continue to be at unprecedented low rates for buyers. The number of homes sold in South Kingstown decreased by over 41% over the prior month. There is usually a lull in the market before the state and federal elections.
Pending sales of South Kingstown RI homes increased by 27% over September 2010 which is up by 9 homes. There is more activity in the real estate market in South Kingstown right now and the increase in pending sale home numbers indicates a better outlook for buying homes in southern RI. Don’t miss the opportunity to buy an investment or vacation home while the interest rates are low…it’s better than earning less than 1% in the bank. Those are the South Kingstown RI homes sold for this month.
Ginny Gorman has lived in many of the Southern RI communities and knows the geographic area, schools, happenings, important tidbits of information and businesses well. If you are looking for someone to guide you through the home buying process, she is a licensed real estate agent and would be happy to assist you. So feel free to search for South Kingstown RI homes for sale it is free and no hassle. When you are in need of more information from an internet savvy Real Estate Agent who sells RI houses in this real estate market, just call Ginny at 401.529.7849.
Ginny L. Gorman a purveyor of Fine RI Real Estate
North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich & Westerly RI and other RI communities. Specializing in waterfront, water view and vacation RI homes…I sell dreams!
This blog and its contents is original to Ginny Lacey Gorman ©
Search properties at www.RIHouseHunt.com
Ginny L. Gorman, Real Estate Agent, Phillips Post Road Realty North Kingstown, RI