Island Realty Luxury Homes

Summer Slowdown Unlikely for RI Home Sales!

by Elaine Infantolino 24. June 2016 08:28

“Realtors are busy. It’s been a while since we’ve seen this level of sustained activity. Buyers are tapping into the lowest interest rates in three years and home owners who were not in a position to sell before, are now able to do so...Consumers on both sides of the transaction are seeing the value in making a move,” commented Arthur Yatsko, president of the Rhode Island Association of Realtors.

With 986 single family homes sold in Rhode Island last month, May marked the 18th consecutive month of increased year-over-year sales.  Sales activity rose nearly 19 percent compared to May, 2015, while the median sales price rose 5 percent to $239,000. Read the full RI Living article here.

*infographic courtesy of the RI Association of Realtors