North Kingstown RI Market Report- Rhode Island Real Estate

Real Estate Agent with Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate
Narragansett Bay view from North Kingstown real estate

North Kingstown RI Market Report- Rhode Island Real Estate.  This is a recap of North Kingstown real estate's market for homes on the market, sold and pending in May 2012.  North Kingstown single family home sales for May 2012 were as follows:

23 North Kingstown homes sold

   5 homes sold over $400,000

   5 homes sold for between $300,000-$400,000

      13 homes sold for under $300,000

North Kingstown Rhode Island real estate is selling with the details as follows:

Average Home Sale Price in May 2012 was $274,225,  homes sold for 93% of  average list price and were onthe real estate market for 104 days on average.  This is an increase over April in average sales price, average list price and days on market.  An actually home sales volume are up by 53% in May over April 2012.

There were 214 North Kingstown homes for sale in May 2012 which was a 14 % increase in home inventory over April.

Yet, if you look at the sales numbers above it is interesting how strong the North Kingstown real estate market is here for homes under $300,000.  Even in May the under $300,000 dollar market of sold homes has been very consistent as compared to past months.  Also, because the weather was so warm in May 2012 there were more sales than past years.

There were 2 North Kingstown short sales sold in May 2012.

North Kingstown RI has a strong supply of homes on the market still and the waterfront North Kingstown homes for sale for over $1 million are not selling right now.     Additionally, there are 12 North Kingstown luxury homes for sale over $1 million.

There are 34 pending homes sales at present which is a 13% decrease from April.   It is still a great time to buy Rhode Island real estate while mortgage rates remain historically low and inventory remains high…Continues to be a Buyers Market with 12 months of inventory to sell.

Interested in the North Kingstown RI real estate market and need guidance, then call me at 401.529.7849 and let my Rhode Island real estate knowledge guide you well in this market.  For more details on the real estate market visit my web site.  North Kingstown RI Market Report- Rhode Island Real Estate.  


 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.  Waterfront, water view, ocean front, luxury and coastal Rhode Island real estate are her specialty.  If your considering Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you!    When you are in need of an internet savvy RI realtor® who sells homes in this real estate marketcall Ginny today at 401.529.7849

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice


Ginny L. Gorman, a purveyor of Fine RI Waterfront 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 RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Realtor in the Sparkly Red Shoes.


Looking for a knowledgeable Rhode Island Realtor?  Let me GOOGLE one for you!


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Comments 13 New Comment

Show All Comments
Kevin J. May

All in all Ginny it appears that your summer is going to come on strong.  I know you've tackled a few pieces of it already.  Great picture too!

June 07, 2012 03:40 AM
Ed & Tracy Oliva
Arizona Agents
West USA Realty - Arizona

Ginny: As always some good Info for all in your area,keep up the good work and good luck with your business.  E

June 07, 2012 04:01 AM
Gita Bantwal
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
RE/MAX Centre Realtors
Ginny, thank you for sharing the information. Have a good summer.
June 07, 2012 04:01 AM
Anita Clark
Realtor - Homes for Sale in Warner Robins GA
ColdwellBanker SSK Realtors ~ 478.960.8055

Ginny: Up 53% is good news for the North Kingstown real estate market.  You do a fine job of providing timely information to your local consumers.

June 07, 2012 04:04 AM
Ginny Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Thanks Kevin, this was an amazing month of sales...

Ed, many thanks

Gita, i can't believe it has started but we need to drive out & my lawn is crying to be mowed.

Anita, there is so much going on the market right now but the homes are selling...

June 07, 2012 04:48 AM
Clint Mckie
Desert Sun Home, Comm. Inspection 1-575-706-5586
Desert Sun Home, commercial Inspections

Hi Ginny,

How many of those homes sold were your homes?

I like the fact they are selling but would like to see the selling price up there around 95-99%.

Hard to see they are selling at a lower asking price. Buyers are being stubborn.

Have a great day in Rhode Island.

Best, clint McKie

June 07, 2012 04:59 AM
Dorie Dillard
Realtor-Canyon Creek- NW, Austin TX Homes For Sale
Coldwell Banker United Realtors

Hi Ginny,

The first good sign is homes are selling..consumer confidence has started to return in your area..the prices will come..the first step is to begin moving off market!

June 07, 2012 05:27 AM
Janis Borgueta
LIC R.E Salesperson - Homes for Sale Newburgh NY
Key Properties of the Hudson Valley ~ 845-527-7115

Ginny ~ Homes selling in North Kingstown Rhode Island is great news! Sure to be a good summer. 

June 07, 2012 05:47 AM
John McCormack
Albuquerque Homes Realty *

Contact Realtor® Ginny Gorman for all your North Kingstown RI real estate needs.  Put Ginny's real estate knowledge to work for you today!  Ginny is ready to work for and with you in making your real estate dreams become a reality! 

June 07, 2012 06:43 AM
Liz and Bill Spear
RE/MAX Elite Warren County OH (Cincinnati/Dayton)
RE/MAX Elite 513.265.3004

Ginny, Definitely high demand for that sub-300k market, and still plenty of homes for local buyers to pick from.  Love the view in your photo!

June 07, 2012 07:28 AM
Bas Panch
SCV Home Buyer

Hi Ginny,

It's great to know that the real estate market over there is really picking up. Here's hoping for more success for you! Keep up the good work as a top North Kingstown short sale agent.

June 07, 2012 07:14 PM
Nestor & Katerina Gasset
Realtors, Wellington Florida Homes For Sale
International Properties and Investments LLC

Ginny,this is a great news.Glad your market is doing great.Keep up the good work and continue being a top notch North Kingstown Short Sale Agent.

June 08, 2012 07:33 AM
Jayne Clement
Los Angeles Short Sale Agents
Keller Williams Realty

Hi Ginny,I'm enjoying reading up on all your marketing Reports. Informative clean and straight to the point. You are truly one of santa maria short sale agents finest! Best of luck to you!

June 08, 2012 10:52 PM
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Ginny Gorman

Homes for Sale in North Kingstown RI and beyond
Need help Selling or Buying RI real estate? Call me
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