RE/MAX of New England: Pending Sales in Rhode Island are the Highest in the Region
Friday, December 19, 2014
RE/MAX of New England's November Monthly Housing Report found that pending sales for Rhode Island were the highest in the region over the past month - coming in at a 30.3% increase year-over year.
Rhode Island also saw a 5.5% decrease in transactions* and a 3.2% increase in median price of real estate.
“We expect to see home sales trailing off in the fourth quarter as we get into these cold winter months,” says Dan Breault, EVP/Regional Director of RE/MAX of New England. “The good news is that prices are holding steady across the region and homes are staying on the market fewer days than a year ago.”
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTNew England's overall yearly real estate sales have dropped by 8% and pending sales were down 20.4% from last November.
Across New England, median prices rose year-over-year in every state except Maine, which was down by 1%. Month-over-month, prices held steady, increasing 0.5% on average.
*Transactions are the total number of closed residential (single family and condo) transactions during the given month.
For more information please visit RE/MAX New England's site, or contact Alicia Pirraglia at [email protected].
About RE/MAX of New England
Since its inception in 1985, RE/MAX of New England has grown to over 200 offices and 2,700 sales associates throughout Connecticut, Maine, Massachusetts,New Hampshire, Rhode Island and Vermont, providing franchised residential and commercial real estate services to its franchisees and their real estate professionals.
RE/MAX of New England is owned by RE/MAX INTEGRA, a privately-held company headquartered in Toronto, Canada. RE/MAX INTEGRA is the largest sub-franchisor of RE/MAX, LLC worldwide, and represents 28,000 agents and approximately 30 percent of RE/MAX, LLC. For more information about RE/MAX of New England or RE/MAX INTEGRA, visit the RE/MAX of New England blog at www.remaxne.com and follow us on Twitter at @REMAXNE. RE/MAX is proud to help raise millions of dollars and support local charitable organizations including Susan G. Komen for the Cure and Children’s Miracle Network Hospitals.
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