North Kingstown Home Sale Update June 2013
North Kingstown home sale update for June 2013 provided by Ginny Lacey Gorman of RI waterfront real estate. Home buyers and sellers are into the Rhode Island summer market with an increase in North Kingstown home sales!
- Properties currently active on the market: 195 (same as last month)
- Single-family properties closed in June 2013: 42 (up from prior month)
- Average sales price: $ 316,914 (down from prior month)
- Median sales price: $ 296,250 (up from prior month)
- Sales price to list price ratio: 95% (97% prior month)
- Average days on the market: 85 (up by 3 days from prior month)
- Sales currently pending: 38 (25% decrease from prior month)
Based on this most recent home sales data, the North Kingstown RI real estate market has turned into a sellers market if inventory does not increase. Currently, there is 5 months of inventory on the market.
- Breakdown of the 42 North Kingstown sold homes is as follows for the month: 22 homes sold under $300,000, 9 homes sold between $300,000-$400,000 and 11 homes sold over $400,000. The under $300,000 market is clearly the much desired market in home sales for buyers here.
North Kingstown Home Sale Update June 2013
Interested in North Kingstown homes for sale? Get your pre-approval from your lender in hand and be prepared to buy. That is the first thing you should do if you are considering purchasing a home especially in this hot market.
The North Kingstown RI homes for sale in June 2013 is upping its home closing rate. Home sales are surpassing the prior month by 56%! Extraordinary home sales numbers here. Sales are up this year by 45% over the same time period in June 2012.
North Kingstown homes for sale are maintaining the strength for a fourth month in a row. North Kingstown homes going into pending status had a pullback by 25% over the prior month. Strong home interest in buying a home under $300,000 remains on the top of buyers minds.
North Kingstown Home Sale Update June 2013
The reduction in pending North Kingstown home sales indicates that July will be a lower number of home closings. Yet, this North Kingstown Home Sale Update June 2013 shows a strong first half of home buying power. We have made it over the hump in home sales. Realize the homes selling are in an updated condition or low price and attractive price point to obtain an accepted offer.
Both buyers and sellers can use this information to determine how North Kingstown home sales in this real estate market is currently performing.
Looking for a RI waterfront Real Estate Agent that knows her North Kingstown real estate market? I market clients’ homes with the most on line exposure resulting in successful home sales. I would love the opportunity to help you. I live, work and play in southern RI real estate. Please call me at (401) 529-7849 to find out what your North Kingstown home is worth and/or to discuss your housing buying needs.
Contact Ginny Lacey Gorman today at 401.529.7849 or email me at Ginny@RiHouseHunt.com. North Kingstown Home Sale Update June 2013.
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