Activity ReportBlog July 22, 2020

Rhode Island Real Estate Activity Numbers | July 12 to 18, 2020

Please find the latest weekly comparisons for the state of Rhode Island.

Our inventory in the state has been below 2019 levels since March.  The month of June saw an inventory level for single family homes at 1.1 months supply.  That was not a surprise given the number of multiple offer situations we are seeing.
The properties under agreement have continued to outpace 2019 since mid-May.
While the sold properties have been below 2019 levels since the third week of March, it is our expectation that that there will be a shift due to the number of properties going under contract.
It continues to be an opportune time for sellers to achieve maximum value for their properties.  And buyers continue to be enticed by the low mortgage rate environment.
To learn what this may mean for you, please contact one of our talented real estate specialists.