Solid Start to the Year for Rhode Island Home Sales

WARWICK, RI – The momentum that began building in Rhode Island’s housing market toward the end of last year has carried into this year, according to the Rhode Island Association of Realtors. The median price of single family homes rose six percent in January from 12 months earlier to $206,000 and sales activity rose three percent. The number of sales under contract also increased four percent, indicating that the market’s boost in activity won’t end any time soon.

“If you’re someone who is ready and able to buy, you couldn’t ask for better conditions. There’s a good supply of homes for sale that are priced well and mortgage rates are fantastic. In many cases, it makes more financial sense to own rather than rent right now,” said Bruce Lane, 2015 President of the Rhode Island Association of Realtors.

Read the full article and see accompanying statistics on http://r20.rs6.net/tn.jsp?f=0017itXT6w0wGZFVA7LFUWunbqgtE6F_oalEVDBuWfAuYqbpkZFlqfT8KfJQ8jDCfSCJPC9ofJbek2YXNvDmexxfWElMVG6KkoqGJ8L_S1l3sORTvufOwdVDMsv8pUu7bzRTabaJLpPVtz_bKUXx6_CiLpl5JW-rAE2zkgM7boyN4_Q7iFO86XhauEWyf9gxYp1x42viqMyDCyat2zeBNz5foXs-R-8BsPv3oe5yMRkDbePJ4ZpFvEMlM0a8aQwde61&c=alSyGCTair_rryUNIQx3XKgDiOXJByoPkTYb8XKrM5Q7fVTNSeXrXg==&ch=KdbgzIUYGzFXC5Whv2dk9HqRQuZw6ZMpuW1lAgvMRl8GKgmbpEpmTg==.

About the Rhode Island Association of REALTORS®
The Rhode Island Association of REALTORS®, one of the largest trade organization in Rhode Island with more than 4,000 members in nearly 750 offices, has been serving Rhode Islanders since 1948. Advocating for Rhode Island’s property owners, the Rhode Island Association of REALTORS® provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property.

The Association is one of more than 1,437 local boards and associations that comprise the National Association of REALTORS® (NAR). The National Association of Realtors®, “The Voice for Real Estate,” is America ‘s largest trade association, representing over 1.2 million members involved in all aspects of the residential and commercial real estate industries.

REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.

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