North Kingstown RI Real Estate Report May 2015
This is the North Kingstown RI real estate market report for May 2015 provided by Ginny Lacey Gorman of RI coastal real estate.
North Kingstown year to date home sale numbers through May 2015 as compared to January-May 2014 are down by 2% and average home sold values are up by 1%. Yet, housing buying activity in the beginning of spring indicates a slower growing spring home market.
In this southern RI coastal town it is about the community, life style, schools, Wickford Village, Narragansett Bay and great real estate that draws home buyers here. North Kingstown is nearly in the center of RI which makes commuting to capitol city or south an added bonus to all who live here.
The month of May 2015 North Kingstown real estate data is as follows:
- Properties currently active on the market: 202 ( 6% more than prior month)
- Single-family properties closed: 23 ( 35% more than prior month)
- Average sales price: $ 348,000
- Median sales price: $ 270,000
- Sales price to list price ratio: 95% ( 94% last month)
- Average days on the market: 96
- Sales currently pending: 47 ( 18% increase over prior month)
North Kingstown home absorption rate for the month is 8.8 months of home inventory (a normal market is 5-7 months of inventory and considered a balanced real estate market).
- Home absorption is the amount of time it will take to sell all the homes currently on the market without any additional homes being added to the current home inventory. Yet the homes under $250,000 are moving fast with buyers bidding them up.
- Breakdown of the 23 North Kingstown sold homes is as follows for the month: 12 homes sold under $300,000, 3 homes sold between $300,000-$400,000 and 8 homes sold over $400,000 and less than $1 million. No homes sold for over $1 million this month. The under $300,000 market remains a strong selling market in home sales.
Successful Video Aerial Marketing increases home sales in North Kingstown- it is about setting your home apart and garnering the most buyers…discover why my state of the art video marketing sells homes with higher prices for all my RI clients. Presenting the home from the air or what is the best ‘eye candy’ in a home is what my marketing is all about for home sellers.
The North Kingstown RI home market is a viable and an active real estate market. Know the secret sauce to pricing your home to get it sold today! Pricing, timing, condition and location of the home are spot on keys to a sellers success here. This is the prime time now to stage and put your home on the market to reach the most home buyers so be prepared. Ensure you work with a local real estate agent that knows the market and how to guide you with your negotiations in a home.
Real estate values have risen here which indicates a stronger North Kingstown real estate market in 2015. These are facts and figures every seller needs to know.
Looking for North Kingstown homes for sale? Or perhaps you are considering relocating to North Kingstown? Click the highlighted links to explore the right RI reasons to buy in North Kingstown and one of the many desirable neighborhoods here.
Find the most current homes for sale $250,000 to $ 500,000 in North Kingstown here:
Recent North Kingstown recent past real estate reports follow:
North Kingstown RI Real Estate Report April 2015
North Kingstown RI Real Estate Report March 2015
North Kingstown RI Real Estate Report February 2015
North Kingstown RI Real Estate Report January 2015
Finding the most knowledgeable information for this town when you are home buying or selling is essential. Talk with me about North Kingstown real estate and what you need to know in this market. Protecting and representing my home sellers and buyers is my constant mantra in RI real estate.
Call me, Ginny Gorman, today to set up an appointment to discuss your real estate needs at 401.529.7849 or email me at ginny@RiHouseHunt.com.
North Kingstown RI Real Estate Report May 2015
