Charlestown RI Real Estate Market Update
16 Charlestown RI homes have been sold in May 2012:
4 homes sold for over $400,000
6 homes sold between$300,000- $400,000
6 homes sold less than $300,000
There were 122 Charlestown RI homes for sale in May 2012.
Home sales are up 128% over the prior month which is an encouraging real estate sign.
Average Home Sale Price in May 2012 was $301,571, homes sold on average for 92% of list price and were on the real estate market for 109 days on average.
Charlestown RI continues to have a good supply of homes for sale and the oceanfront and ocean view Charlestown RI homes for sale. However, the current absorption rate for the homes on the market is a buyers market. When inventory levels are at a 6 month home absorption rate, it is considered a balanced market. Less than 6 months of home inventory and it becomes a sellers market again.
There were no Charlestown short sales that closed in the month of May.
21 Charlestown RI pending home sales await closing in May. Pending sales are down by 22%.
When you have amazing white shell sand beaches and quiet living, it is a huge draw for buyers all around New England and beyond. Come and visit! Explore the uniqueness of this oceanfront town. Charlestown RI Real Estate Market Update.
Ginny Lacey Gorman is your go to North Kingstown Real Estate agent for real estate in Charlestown RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well.
Waterfront, oceanfront, luxury and coastal Rhode Island real estate are her specialty but all of RI is her backyard. When you are in need of a good professional for your buying and selling needs and an internet savvy marketer and agent who sells RI houses in this real estate market – call Ginny at 401.529.7849.