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.
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.
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cell: 401.529.7849 office: 401.884.4100 ext.268 Ginny Lacey Gorman, Realtor