This report provides the latest insights into our local RI real estate market. With 4 closings in July, I can verify what the numbers indicate! Stats such as list price up 8.3%, sale price up 8%, inventory down 4.7%, pending up 54%, and the number of closed sales up 8% reflects the strength of the RI Market. Click on the link below for further analysis and reach out to me if I can be of any help! https://indd.adobe.com/view/73facfd1-6bf3-4797-8a93-a83d5e259bcb?utm_campaign=website&utm_source=sendgrid.com&utm_medium=email
YOUR EXECUTIVE SUMMARY MARKET REPORT FOR EAST SIDE OF PROVIDENCE, RI (Single-family Residences)
Real-Time Market Profile
Trend
Median List Price
$699,999
Asking Price Per Square Foot
$265
Average Days on Market (DOM)
70
Percent of Properties with Price Decrease
30.23%
Percent Relisted (reset DOM)
18.6%
Median House Size (sq ft)
3,041
Median Lot Size
6,316 sqft
Median Number of Bedrooms
4.0
Median Number of Bathrooms
3.0
Market Action Index (MAI)*
45.7
* The Market Action Index answers the question "How's the market?" by measuring the current rate of sale versus the amount of inventory. An index above 30 implies seller's market conditions. Below 30, buyer's.
Quartiles
Investigate the market in quartiles – where each quartile is 25% of the homes ordered by price.
