South Kingstown Real Estate Market Report – Rhode Island Real Estate.
21 South Kingstown homes have been sold in April 2012, as follows:
4 homes sold over $400,000
6 homes sold for between $300,000-$400,000
11 homes sold for under $300,000
April 2012 home sales are up over last April 2011 by 31% ! This South Kingstown real estate market is continuing and upward trend which is great news for sellers. But buyers do not despair since the huge home inventory still makes South Kingstown a buyers market.
South Kingstown Average Home Sale Price in April 2012 was $314,852. South Kingstown homes sold on average for 93% of list price and was on the real estate market for 115 days on average.
There were 257 South Kingstown homes for sale in April 2012 which was a 9 % increase in homes over the prior month. The number of sold homes has increased by 1 home this month. Pending sales dropped 6%.
There are 44 homes awaiting closing in South Kingstown RI. Yet, the home absorption rate for South Kingstown homes for sale remains high and continues as a buyers market. Pricing is key to selling a home in this market – along with the right location and condition.
2 South Kingstown short sales closed in April 2012.
Mortgage rates remain extremely low for all home buyers! If you are seeking a South Kingstown home to buy or sell or interested in the Rhode Island real estate market, give me a call at 401.529.7849. I raised my family and lived in South Kingstown for 20 years and know the value of homes and South Kingstown neighborhoods well. South Kingstown Real Estate Market Report – Rhode Island Real Estate.
Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the South Kingstown RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal Rhode Island real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.