Welcome! Login | Register
 

Is Rhode Island Corrupt?—Is Rhode Island Corrupt?

FBI Files - The Patriarca Papers - Entry 51 (Patriarca Is Too Sick to Stand Trial)—Patriarca Is Too Sick to Stand Trial

The 2016 Democratic Convention by the Numbers—The 2016 Democratic Convention by the Numbers

Traveling Photo Exhibit to Focus on Dorian Murray & 19 Other Kids With Pediatric Cancer—Traveling Photo Exhibit to Focus on Dorian Murray…

Cheat Sheet 51, FBI Files: Indictment of Patriarca, Coia, & Other Laborers International—Cheat Sheet 51, FBI Files: Indictment of Patriarca,…

Moore: Will RI Government Rules Close a Key Nonprofit?—Moore: Will RI Government Rules Close a Key…

EDITORIAL: DNC’s Treatment of Sanders is Nixonian—EDITORIAL: DNC’s Treatment of Sanders is Nixonian

ABC6’s “In the Arena” Explores the GOP and Democratic Conventions and More—ABC6's "In the Arena" Explores the GOP and…

Smart Benefits: Temporary Penalty Relief for Employers—Smart Benefits: Temporary Penalty Relief for Employers

Rescue 1 Responding: Chapter 7 & 8, a Book by Michael Morse—Rescue 1 Responding: Chapter 7 & 8, a…

 
 

NEW: Encouraging Growth in RE/MAX November Housing Report

Wednesday, December 19, 2012

 

The RE/MAX of New England November Monthly Housing Report shows encouraging growth, and RE/MAX of New England Executive Vice President & Regional Director Dan Breault suggests New England is starting to see a shift into a seller’s market in many communities.

Rhode Island home sales once again outpaced the rest of the region, with the number of units sold jumping 58.5% year-over-year. Median price also remained relatively flat, down just 1.5%. The greatest median price increase in New England was in Massachsuetts--a 5.5% jump.

New England trends

The November report showed that on average, the median price and units sold in the region are up year-over-year. Every state in New Enlgand experienced double-digit growth in unit year-over-year. Prices are also creeping up in all states except Rhode Island.

"This has been a transition year for the housing market, with stronger home sales and prices on the rise in New England," said Breault. "We are starting to see a shift into a seller's market in many New England communities; with low inventories, prices are rising and homes are moving off the market quickly. We expect this momentum to continue in 2013."

 

 

Related Articles

 

Enjoy this post? Share it with others.

 
 
:!