Real estate values rise in Rhode Island

Rhode Island- According to recent statistics released by Rhode Island Realtors median home prices rose 9% in January 2018. Median single-family sales prices were $244,900, 9% above what it was at the same time period in 2017.

Rhode Island home values increase in 2018

The increase in values was in direct relation to the low inventory in many communities throughout Rhode Island.  Given the current forces of supply and demand home prices are expected to increase well into 2018 according to Robert Scaralia Education Director for the Real Estate Institute Of Rhode Island. 

With the improved overall real estate market and the economy as a whole, many individuals are considering a career in real estate to help meet the increased consumer demand. According to Candace Mandell, student services director for the Real Estate Institute Of Rhode Island "our pre-licensing classes are in strong demand" many new agents are finding the current market conditions a perfect time to earn their Rhode Island real estate license. She adds many real estate companies throughout the state are actively hiring full and part-time new agents to support the growth.

For more information:

Real Estate Institute Of Rhode Island
22 Veterans Memorial Drive
Warwick, RI 02886
O. 401-943-8500
F.  401-943-6191
Info@InstituteRI.com
www.InstituteRI.com