• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • GOOGLE Business
  • What is my home worth?
  • Get Pre-Qualified

Peace of Mind Prop. Mgmt. & Real Estate, Inc.

At Peace of Mind, we help you BUY the HOME you love, SELL the HOUSE you’re ready to leave, and BALANCE your INVESTMENT portfolio, “so you can sleep at night.”

  • Peace of Mind Prop. Mgmt. & Real Estate, Inc.
  • Who We Are
    • About Our Team
    • Credentials & Awards
    • Stacy Corrigan
    • Jimmy Cloutier
    • Sarah Sullivan
    • Ronald Cloutier
    • Fida Salameh
    • Vicky Lin
    • Susan Rijos
    • Robbie Skwirz
    • Karen Beliah
  • What’s Available
    • Real Estate Listings
    • Rental Listings
    • Short Term Rentals
  • What We’re Great At
    • Real Estate – BUY
    • Real Estate – SELL
    • Real Estate – INVEST
    • SOLD
    • Full Service Management
    • Leasing Services
    • Screening Services
  • What They’re Saying
  • News
    • What’s New
    • First Quarter News
    • Second Quarter News
    • Third Quarter News
    • Fourth Quarter News
  • Contact Us
    • Peace of Mind Recommends
    • Statistics
    • Equal Opportunity Housing
    • Privacy Policy
    • Terms of Use

Statistics

Warwick, RI – March 21, 2019 -- February sales data released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service show signs of promise for buyers who have been hindered by low inventory in Rhode Island’s housing market for the past several years.

With 5.9 percent more single-family home listings than a year ago, increased supply appears to be taming sales price growth. At $250,000, February’s median sales price was identical to that seen a year earlier. Sales data also reflected a 7.8 percent decrease in February’s single-family home closings which helped fuel the increase in supply, an indication that buyers may get some relief this spring from the fierce competition they faced last year.

"We’re starting to see a shift," said Dean deTonnancourt, President of the Rhode Island Association of Realtors. "More homes are coming on the market. Though sellers still have an advantage, as the supply of homes increases, buyers will gain a competitive edge. Sellers who adjust their price expectations accordingly will still find plenty of eager buyers but they need to be aware that those buyers will have more choices."

The supply of condominiums available for sale also increased, rising seven percent from a year ago. The median price of condominium sales fell 1.5 percent from a year earlier to $207,500 and closing activity rose 11.6 percent.

Unlike the single-family home and condo markets, the supply of multifamily properties decreased by 5.5 percent last month while the median sales price reached $255,000, an 11.6 percent increase from the same time a year ago.  The number of multifamily home sales remained relatively the same, falling less than one percent.

“As the supply of single-family homes becomes more abundant and accessible for first-time buyers, we’ll likely see multifamily sales begin to moderate as well, but more slowly as rental units continue to be a fantastic investment given the market’s continued low interest rates and high rental rates,” said deTonnancourt.

Sold-Sign-POM

Rocket Report MA RI CT 09/18/23

September 18, 2023

Rocket Report MA RI CT 09/11/23

September 11, 2023

Market Update MA RI CT 09/04/23

September 4, 2023

Market Update MA RI CT 08/28/23

August 28, 2023

Market Update 08/21/23 MA RI CT

August 21, 2023

Market Update MA RI CT 08/14/23

August 14, 2023

Rocket Update MA RI CT 08/07/23

August 7, 2023

Market Update MA RI CT 07/17/23

July 17, 2023

Market Update MA RI CT 07/10/23

July 10, 2023

Market Update MA RI CT 06/26/23

June 26, 2023

Market Update MA RI CT 06/19/23

June 19, 2023

Market Update MA RI CT 06/05/23

June 5, 2023

Market Update MA RI CT 05/29/23

May 29, 2023

Market Update MA RI CT 05/22/23

May 22, 2023

Market Update MA RI CT 05/15/23

May 15, 2023

Market Update MA RI CT 05/08/23

May 8, 2023

Market Update MA RI CT 05/01/23

May 1, 2023

Market Update MA RI CT 04/24/23

April 24, 2023

Market Update MA RI CT 04/17/23

April 17, 2023

Market Update MA RI CT 04/10/23

April 10, 2023

Market Update MA RI CT 03/27/23

March 27, 2023

Market Update MA RI CT 03/20/23

March 20, 2023

Market Update MA RI CT 03/13/23

March 13, 2023

Market Update MA RI CT 03/06/23

March 6, 2023

Market Update MA RI CT 02/27/23

February 27, 2023

Market Update MA RI CT 02/20/23

February 20, 2023
  • 1
  • 2
  • 3
  • Next »

Primary Sidebar

Recent Posts

  • Wacky Wednesdays 46 – Mario was scared!
  • Top Tips Thursdays 46 – It was a spider!
  • True Tales from the Trenches Tuesday 46 – The Key Nazi Strikes Again
  • 🚀 Rocket Update Monday 46 – Can’t Afford a Single Family Home?
  • Rocket Report MA RI CT 09/18/23

Categories

  • Blog
  • Buyers Resources
  • Investor Resources
  • Resources
  • Sellers Resources
  • SOLD Properties
  • Statistics
  • Testimonials
  • Uncategorized
Accredited Buyer's Representative Designation
Real Estate Negotiation Expert
C3P Credit Compliance Professional Designation
Certified Probate Real Estate Specialist
Certified Real Estate Team Specialist
Graduate Realtor Institute
Seller Representative Specialist

Footer

Address

968 ELM STREET
WOONSOCKET,
RI 02895
Directions

Phone

OFFICE: 401-765-8800
LOOKING FOR APT: 401-765-5559
RE CLIENTS/LANDLORDS: 401-829-8323
Fax: 401-671-6146

Hours

M,T,Th,F: 9am-5pm
W & Sat: By Appointment
Sun: Closed

  • Facebook
  • GOOGLE Business
  • What is my home worth?
  • Get Pre-Qualified

© 2009–2023 Peace of Mind Property Management & Real Estate, Inc. | Log in
[footer_backtotop]