Please find the latest weekly comparisons for the state of Rhode Island.
The new listing activity trended down from the prior week, however properties going under agreement continue on the upward trend and has surpassed the 2019 numbers.
The sold properties show a slight increase but are still significantly below 2019 levels. It continues to be a sellers market due to low inventory as proven in the increase in sales price.
As we enter into Phase II on the Reopening RI Plan it is our expectation that many sellers will be entering the market since there is a greater degree of comfort with showings and a pent up demand for listings. Buyers continue to take advantage of the incentive of low mortgage rates. It is an opportune time to be in the market.