Local Housing Market Gaining Momentum

By
Real Estate Agent with Keller Williams Realty Newport/East Bay

 

Local Housing Market Gaining Momentum

 

According to RIAR, Rhode Island Association of Realtors, sales and the median price of single family homes rose. Single family home sales increased an average of 24% and the sales prices rose to 10% higher from October of 2011.

 

The condo market fared well too. Sales rose 37% with the median price increasing 21%. Lets not forget the multi-family sector. This area is gaining momentum as well increasing 15% from the year prior, and the median price increasing to 20%.

 

As we go into the new year, interest rates are still at historical low rates, prices are reasonable and the housing market seems to be on the right track to recovery.

 

For more information on the local market, please visit my websitehttp://www.ericasellsri.com

Posted by

Erica Sousa  

Kw

    

809 Aquidneck Ave. Middletown RI 02841

ESousa@KW.com

401. 835.8523

401.608.9215

Comments (4)

Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Erica:

Sounds like good news for your market. Have a great week.

Dec 09, 2012 05:45 AM
erica sousa
Keller Williams Realty Newport/East Bay - Newport, RI

Hi Alan...

Slowly but surely!

Dec 09, 2012 05:48 AM
Christopher Campa
LONG & FOSTER REAL ESTATE - Gainesville, VA
Northern VA Realtor

That's great news Erica!  There is no reason to believe that 2013 won't be even better for our industry.

Dec 09, 2012 05:54 AM
Heidi Kelley
Keller Williams Realty Leading Edge - East Providence, RI
Your Rhode Island Real Estate Connection

Nice to see you blogging Erica.  Keep up  the good work.  Don't forget to create your short URL's to post on FB.

Dec 09, 2012 08:53 AM