What did the North Kingstown Rhode Island Real Estate Market do in May?

What did the North Kingstown Rhode Island Real Estate Market do in May?

North Kingstown Real Estate Market Report for May 2012

Narragansett Bay at Sunrise

North Kingstown Rhode Island 02852 single family home sales for May 2012 were as follows:

23 North Kingstown homes sold

   5 homes sold over $400,000

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

      13 homes sold for under $300,000

Average Home Sale Price in May 2012 was $274,225,  homes sold for 93% of  average list price and were on the real estate market for104 days on average.  This is an increase over April in average sales price, average list price and days on market.  An actually home sales volume are up by 53% in May over April 2012.

There were 214 North Kingstown homes for sale in May 2012 which was a 14 % increase in inventory over April.

Yet, if you look at the sales numbers above it is interesting how strong the North Kingstown real estate market is here for homes under $300,000.  Even in May the under $300,000 dollar market of sold homes has been very consistent as compared to past months.  Also, because the weather was so warm in May 2012 there were more sales than past years.


There were 2 North Kingstown short sales sold in May 2012.


North Kingstown RI has a strong supply of homes on the market still and the waterfront North Kingstown homes for sale for over $1 million are not selling right now.     Additionally, there are 12 North Kingstown luxury homes for sale over $1 million.


There are 34 pending homes sales at present which is a 13% decrease from April.   It is still a great time to buy Rhode Island real estate while mortgage rates remain historically low and inventory remains high…Continues to be a Buyers Market with 12 months of inventory to sell.


Interested in the RI real estate market and need guidance, then call me at 401.529.7849 and let my Rhode Island real estate knowledge guide you well in this market.  For more details on the real estate market visit my web site.

What did the North Kingstown Rhode Island Real Estate Market do in May?


Ginny Lacey Gorman is your go to North Kingstown Real Estate 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 marketer and agent who sells RI houses in this real estate market – call Ginny at 401.529.7849.