Activity ReportBlog April 2, 2021

Rhode Island Real Estate Activity Numbers | March 2021

Please find the latest market activity comparisons for the state of Rhode Island.

The newly listed properties are trending up from last year but still slightly below the 2019 levels.
The properties under agreement, as expected, are up significantly from 2019 and 2020.
Sold propertiess are comparable to the past two years, however, an increase is expected in the coming months as the number of properties under agreement continues to increase.
At the end of February, the Rhode Island Association of Realtors was referencing the February stats as indicative of a moderating market, despite a 9.2% increase in pending sales from the prior year.  The rate of increase year over year may have slowed slightly but March is showing a continued upward trend and buyer demand remains strong.
The trend of historically low inventory and increased sales prices is continuing.  It remains an opportune time to list a property. To learn what this may mean for you, please contact one of our talented real estate specialists.