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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.”

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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

How Federal Rate Increases Affect Credit Cards and Loans…

June 29, 2021

If you’ve ever noticed a rise in interest rates in the news or saw your credit card bill get a little higher, there’s one federal agency that you can look to: the Federal Reserve Board. When the Fed raises interest rates, most borrowers with car and home loans won’t see their rates change because they’ve […]

 Median sales price for Massachusetts homes continued to rise in April due to strong buyer demand ..

June 29, 2021

                   Median sales price for Massachusetts homes continued to rise in April due to strong buyer demand .. Inventory of single-family homes and condos are hit new record lows… Foxborough , Mass. – May 18, 2021 – The number of closed sales of homes continued to rise […]

Massachusetts Single-Family Home, Condo Sales Showed No Sign of Slowing Down in November

December 15, 2020

Massachusetts Single-Family Home, Condo Sales Showed No Sign of Slowing Down in November Median single-family home price up nearly 25 percent from November 2019. PEABODY, December 15, 2020 –Single-family home and condo sales continued to surge across Massachusetts in November, setting new records in the process, according to a new report from The Warren Group, […]

Massachusetts Residential Sales and Prices Continue to Surge in October

November 30, 2020

Massachusetts Residential Sales and Prices Continue to Surge in October   Median single-family home price spikes by 17 percent on a year-over-year basis. PEABODY, November 17, 2020 – The Massachusetts real estate market continued to show no signs of slowing down in October as both single-family home and condominium sales surged on a year-over-year basis, […]

Massachusetts Single-Family Home, Condo Sales Spike by Double Digits in September

November 2, 2020

Driven by strong competition, the median sale price for both single-family homes and condos surged on a year-over-year basis. PEABODY, October 28, 2020 – As buyers and sellers continued to adapt to “the new normal” of the Massachusetts real estate market, both single-family home and condominium sales spiked in September on a year-over-year basis, according […]

Massachusetts Single-Family Home Sales Rebound in July as Summer Housing Market Finally Arrives

September 15, 2020

Median condo price experiences a double-digit increase on a year-over-year basis. PEABODY, August 26, 2020 – Massachusetts single-family home sales rebounded in July on a year-over-year basis following three consecutive months of double-digit declines. Meanwhile, the median sales price for both single-family homes and condominiums continued to set new records, according to a new report […]

Massachusetts Single-Family Home, Condo Sales Drop for Third Consecutive Month in June as COVID-19 Continues to Impact Market

July 22, 2020

Median condo price sees its first year-over-year decline since April 2019. PEABODY, July 22, 2020 – As COVID-19 continues to impact the local housing market, both single-family home and condominium sales declined by double digits in June, according to a new report from The Warren Group, a leading provider of real estate and transaction data. […]

Second Qtr Single Family Home Statistics RI

June 30, 2020

February Single Family Home Statistics RI

March 27, 2020

January Single Family Home Statisics RI

February 25, 2020

October 2019 Single Family Home Sale Statistics

November 29, 2019

Continued strength evident in Rhode Island’s third quarter housing market

November 1, 2019

Warwick, RI –November 1, 2019 – At $295,000, the median price of single-family homes sold in the third quarter rose 7.3 percent from the same time last year. The data reported today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service, also showed a 4.6 percent increase in closing activity […]

August 2019 Single-Family Home Statistics

September 30, 2019

July 2019 Single Family Home Statistics

August 27, 2019

June Infographic

July 15, 2019

May Infographic

June 15, 2019

Rents are rising by 2.9%👀 are you ready to own your own home🏠❓

June 4, 2019

Rents are rising by 2.9%👀 are you ready to own your own home🏠❓ Message 💬 Peace of Mind ☮️ today for your FREE One Page Action Plan and ULTIMATE BUYER’s GUIDE📖 @PMPMRE Share 📨with your 👫👭👬 friends!‼️

April 2019 Infographic RI

May 22, 2019

MA SFM CND Sales Rise in April as market heats up

May 22, 2019

Single-family home and condominium sales increased last month as the spring Massachusetts real estate market started to heat up, according to a new report from The Warren Group, publisher of Banker & Tradesman. Last month, there were 4,279 single-family home sales recorded in Massachusetts, a 2.8 % increase from April 2018 when there were 4,162 […]

Infographic – Mar 2019

April 22, 2019

Peace of Mind Client Satisfaction Ratings

March 25, 2019

Our Clients have proven that they are Real Satisfied with Peace of Mind’s Performance!

February 2019 Infographic

March 25, 2019
RI Heat Map Housing Inventory 19_0224

RI Heat Map Housing Inventory 19_0224

February 24, 2019
Infographic-Jan-2019

Infographic-Jan-2019

January 31, 2019

Infographic-Dec2018

December 31, 2018
Infographic-November-2018

Infographic-November-2018

November 30, 2018
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