State of Rhode Island Real Estate Activity by the Numbers
The under agreements have seen a four week upward trend, albeit last week was a very sight increase. The lack of inventory is having an effect on the under agreements however we are approaching weekly numbers that are comparable to 2019.
As excepted in the spring market, the number of listings has increased for the past three weeks.
The sold pattern is trending very similar to 2019 in terms of weekly activity although, at a lower rate. Last week, however, the trend was upward.
This continues to be a great opportunity for Sellers with limited competition and low mortgage rates which are bringing serious buyers. If you are interested in buying or selling, please contact one of our talented real estate specialists. www.mottandchace.com/agents