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Understanding RI Real Estate Single Family Market Statistics (1st quarter 2017)

Lets take a quick look at what happened in the single family category RI real estate market: During January 1, 2017 - March 23, 2017: Number of Units Sold 1675 Average Sale Price $295,053 Median Sale Price $229,000 Average Days on Market 79 During January 1, 2016 - March 23, 2016: Number of Units Sold 1624 Average Sale Price $284,367 Median Sale Price $222,750 Average Days on Market 90 Conclusions: The RI real estate market is gaining momentum and strength. Single family homes are selling quicker in 2017 (vs 2016). Days on market dropped from 90 to 79 (-12.22%). Number of units Sold 1625 in 2016 up to 1675 in 2017 (+3.14%) Average Sale Price $284,367 went up to $295,053 (+3.76%) Median Sale

Office Location: 1240 Pawtucket Ave, 3rd floor, Rumford RI 02916. Tel 401-830-0831

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