25 North Kingstown homes sold and of these homes...
11 homes sold over $400,000
8 homes sold for between $300,000-$400,000
6 homes sold for under $300,000
North Kingstown RI Market Report - August 2012
Median Home Sale Price in August 2012 was $344,000, homes sold for 97% of median list price and were on the real estate market for 42 days. Median price is up and days on market to a sales agreement is down. This is a stronger real estate market appearing.
The important fact is that home inventory levels are decreasing now for a couple of months in North Kingstown. Although still a buyer's market with a 8 1/2 month supply of homes, the North KIngstown home supply inventory is moving towards a balanced market (6 months of inventory).
There were 208 North Kingstown homes for sale in August 2012 which is a 3% decrease in home inventory over July.
There are 27 pending homes sales which is a 16% decrease from July but still a healthy amount of pendings. It remains a good time to buy Rhode Island real estate while mortgage rates remain low and home choices are available. The quality of life here is outstanding due to location, schools and living style.
North Kingstown RI has a selection of waterfront North Kingstown homes for sale for over $1 million. There were 11 North Kingstown luxury homes for sale over $1 million.
When you need real estate guidance call me at 401.529.7849 and let my Rhode Island real estate knowledge work for you. I’d love the opportunity to help or email me at RiByTheBay@gmail.com to schedule an appointment. North Kingstown RI Market Report - August 2012.
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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the North Kingstown RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well.
This blog © and its contents is original to Ginny Lacey Gorman
Ginny L. Gorman a purveyor of Fine Waterfront RI Real Estate
Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich, Westerly RI and beyond ... I sell dreams! because there is no place like home...the RI Realtor in the Sparkly Red Shoes.
Looking for a terrific Rhode Island Realtor? Let me GOOGLE one for you!
cell: 401.529.7849 office: 401.884.4100 ext.268 Ginny Lacey Gorman, Realtor
WOW!!!!!!!!!!!!!!!!!!!!!!! It looks like things are really picking up in your market, good news for all there, E
Ginny, Thanks for sharing the market report for August . I have not yet written about my market area.
Great that things are picking up in your area! Letting the public know is important too!
Good morning, Ginny.... it looks like you're going in the right direction in the North Kingstown area.... with a decrease in new inventory, you'll find that homes that have been stagnant now have activity and soon a sale....
Happy Tuesday Ginny...good news for the North Kingstown real estate market as the key indicators are showing growth and activity.
Good morning Ginny -
WOW..... Looks like things are picking up in your area! The prices are not shabby either. Making for happy home buyers, sellers and Realtors®! Hope you have a great day in and out of real estate!
John
Hi Ginny,
Good news indeed. I hope sales continue at a brisk pace. Inventory is getting lower which means the prices will start to climb a bit.
Good news for the seller and the commish checks.
Have a great day in North Kingstown, R.I.
Best, Clint McKie
Ginny, great Market Report for August and will sellers able to reap 97% of list price and sold in an average of 42 days, the market is looking good!
Ginny with inventory going down, I would think that it would start to turn to more of a Sellers market as well as prices going up. Are you beginning to see that happen or is it to early for decrease in inventory to have an affect yet?
Ed, it is better for sure...kind of like a see saw right now..
Gita, my clients are waiting to see this happen.
Janis, it is inspiring to the ones on the market but still price & condition have to be right.
Barbara, I am hoping for that to happen.
Anita, Dr. Ginny says the prognosis looks good!
John, many thanks
Clint, we're hoping for that to happen.
Joan, it is encouraging to sellers to see that.
George, we still have over a 8 month inventory so by early 2013 i do feel it will be more of a balanced market...thanks!
Hi Ginny. Looks like it was good news for North Kingstown RI home sellers this August. That is one striking photo that you took!!!
Ginny, sorry I've been MIA, so much going on. Glad I'm bck and was able to see another of your beautiful photos.
Hi Ginny,
Thanks for sharing this great market report. Glad to see things are doing well in your area. Keep up the good work as a top North Kingstown short sale agent!