March 2017 Rhode Island Real Estate Market Report

Mott & Chace Sotheby’s International Realty is pleased to release the Rhode Island real estate single family home statistics for March 2017 which continues to show an increasing demand for well-priced homes in the marketplace. The median home price for new listings increased  10%, while the months supply of inventory decreased from 4.4 months to 2 months when compared to the same time period last year. Additionally, homes priced according to market value that did not experience a price adjustment during the listing period sold at 96% of the original list price.

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