North Kingstown RI Real Estate Market September 2014
This North Kingstown RI single family housing market data update for September 2014 is provided by Ginny Lacey Gorman of RI coastal real estate. Fall has arrived with a pick up of the real estate market with September sales up 21% over prior month . Yet, year to date home sales here are equal to last year to date volume through September and home values are up by +7% during the same time period.
In this southern RI coastal town it is about the community, life style, schools, Wickford Village, Narragansett Bay and great real estate that draws home buyers here. North Kingstown is nearly in the center of the state which makes commuting to Providence or south an added bonus.
The month of September North Kingstown real estate data is as follows:
- Properties currently active on the market: 193 (5% decrease over prior month)
- Single-family properties closed: 34 (21% increase over prior month)
- Average sales price: $ 359,000 ( 11% decrease over prior month)
- Median sales price: $ 279,000
- Sales price to list price ratio: 95% ( 96% last month)
- Average days on the market: 93 ( 19% increase over prior month)
- Sales currently pending: 29 ( 22% decrease over prior month)
North Kingstown home absorption rate for the month is 5.7 months of home inventory (a normal market is 5-7 months of inventory and considered a balanced market). The home inventory has decreased a bit and real estate sales have remained steady this summer into fall. Based on this most recent home sales data, the North Kingstown real estate market is a balanced market.
- Home absorption is the amount of time it will take to sell all the homes currently on the market without any additional homes being added to the current home inventory.
- Breakdown of the 34 North Kingstown sold homes is as follows for the month: 18 homes sold under $300,000, 8 homes sold between $300,000-$400,000 and 7 homes sold over $400,000 and one home sold over $1 million. The under $300,000 market remains a strong selling market in home sales this month.
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North Kingstown RI Real Estate Market September 2014
The North Kingstown RI home market is a viable and an active real estate market. Know the secret sauce to pricing your home to get it sold today!
North Kingstown Home sales January – September 2014 compared to January – September 2013 shows NO decline in home sales and a 7% (from $322,000 in 2013 to $346,000 in 2014) increase in home prices. Real estate values have risen which is an encouraging sign for all homeowners.
Looking for North Kingstown homes for sale? Or perhaps you are considering relocating to North Kingstown? Click the highlighted links to explore the right southern RI reasons to buy in North Kingstown whether in Wickford or one of the many desirable neighborhoods here.
Recent North Kingstown recent past real estate reports follow:
North Kingstown RI Real Estate Report August 2014
North Kingstown RI Real Estate Report July 2014
North Kingstown RI Real Estate Report June 2014
North Kingstown RI Real Estate Market September 2014
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I would love the opportunity to help you market and sell your home for the right price and earn your trust. I am a totally ‘hands on’ top selling RI real estate agent leaving no stone unturned for my buyers and sellers! Contact me, Ginny Lacey Gorman, today at 401.529.7849 or email me at ginny@RiHouseHunt.com.
Working with home sellers everyday to list, promote and market homes successfully for clients. I live, work and play in North Kingstown and know this town like the back of my hand. Hope you found the single family North Kingstown RI Real Estate Market Report more than a good read and the right information to take forward.
