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Market Report • News • May 31, 2018

April 2018 Rhode Island Real Estate Market Report

by Mott & Chace Sotheby's International Realty

Mott & Chace Sotheby’s International Realty is pleased to release the Rhode Island real estate single family home statistics for April 2018 which continues to show an increasing demand for well-priced homes in the marketplace. The median home price for new listings increased 4%, while the supply of inventory decreased from 3.5 months to 2.2 months when compared to the same time period last year. Additionally, the average days on market decreased 16% in April 2018 when compared to last year.

In Rhode Island, decreasing inventory at the most popular price points continues to be advantageous for sellers.

Read the entire report here:

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