North Kingstown RI Real Estate Market Stats

North Kingstown Market Stats

September 2011 Real Estate Market Stats -North Kingstown RI

North Kingstown RI Real Estate Market Stats – September 2011 is as follows:

23 North Kingstown homes sold in the past month:

1 home sold for greater than $1 million (North Kingstown non-waterfront home)

4 homes sold over $400,000
4 homes sold for between $300,000-$400,000
13 homes sold for under $300,000


There were 230 North Kingstown homes for sale in September 2011 which was a  3 % decrease over the prior month (6 less homes for sale).   The number of sold homes over August increased by 2 homes.  At present, there is a 10 month absorption rate to sell all homes on the market without any increase in inventory (it is a strong buyers market) in North Kingstown RI.


If you are a North Kingstown home seller,this information on recent home sales gives you a barometer on the local real estate market.  My web site will give you very specific information into all the RI towns that will be of interest to you also as you search RI real estate for sale.  Staying abreast of comparable home sales is important in determining a home’s value.


There were 1 North Kingstown short sale sold this month.  As North Kingstown short sale agents, my legal and negotiating team work hard to get North Kingstown short sales through to closing in a reasonable time frame and we are successful with closing them for our clients.  Call me if you need help here for a confidential discussion on your home situation wherever you are.


North Kingstown RI has a large supply of homes on the market and the luxury North Kingstown homes for sale for over $1 million are selling slowly.  In fact, there are 16 homes over $1 million on the North Kingstown real estate market now.  North Kingstown pending homes sales are at 20 homes this month.  This is a 42% drop from the prior month.


Out of state buyers continue to search for North Kingstown waterfront and water view homes for sale.  The fall is a great time to visit North Kingstown and explore the neighborhoods that interest you.  Do not hesitate to give me a call to guide you on your local home search- work with a North Kingstown Real Estate Agent at 401.539.7849.


 North Kingstown RI Real Estate Market Stats.


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

As North Kingstown short sale agents, if you are having trouble paying your mortgage contact Ginny to help you through the short sale process successfully.

   Waterfront, oceanfront, luxury and coastal RI 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 who sells RI houses in this real estate market – call Ginny at 401.529.7849.