Rhode Island real estate inventory gains

Warwick, RI- The Rhode Island real estate market continues to show increases in the median price of homes at $279,450, an increase of 3.5%.

Credit Rhode Island Realtor Association

At the same time, the number of homes coming on the market is increasing which according to Robert Scaralia Director for the Real Estate Institute Of Rhode Island is a positive sign. Over the last number of years, inventory has been at all-time lows which created an unbalanced market between buyers and sellers which caused home values to increase rapidly creating an affordability challenge in the market, Scaralia points out a balanced market creates a healthier more sustainable market for both buyers and sellers. One simple principle of is a property owner can sell their home for top dollar but if they need to buy a new home to replace the old they are now paying top dollar on the back end. Overall it remains a great time to buy and sell a home in Rhode Island when you take into account the added benefit of the current low-interest rates.  For more information contact a local real estate agent.





-The Real Estate Institute Of Rhode Island is a state-approved Real Estate School offering pre-licensing classes and advanced real estate studies for real estate professionals. For more information visit www.InstituteRI.com or contact the Administrative offices at 401-943-8500 or email info@InstituteRI.com.  Classrooms located at 22 Veterans Memorial Drive Warwick, RI 02886