16 Charlestown RI homes have been sold in May2012:
4 homes sold for over $400,000
6 homes sold between$300,000- $400,000
6 homes sold less than $300,000
There were 122 Charlestown RI homes for sale in May 2012.
Home sales are up 128% over the prior month which is an encouraging real estate sign.
Average Home Sale Price in May 2012 was $301,571, homes sold on average for 92% of list price and were on the real estate market for 109 days on average.
Charlestown RI continues to have a good supply of homes for sale and the oceanfront and ocean view Charlestown RI homes for sale. However, the current absorption rate for the homes on the market is a buyers market. When inventory levels are at a 6 month home absorption rate, it is considered a balanced market. Less than 6 months of home inventory and it becomes a sellers market again.
There were no Charlestown short sales that closed in the month of May.
There were 21 Charlestown RI pending home sales awaiting closing in May. Pending sales are down by 22% from the month of April but still active.
When you have amazing white shell sand beaches and quiet living, it is a huge draw for buyers all around New England and beyond. Come and visit! Explore the uniqueness of this oceanfront town. Charlestown RI Market Report - May 2012.
Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Charlestown 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 market, call Ginny today at 401.529.7849