Cranston, RI- The Rhode Island real estate market for home sales continues to show strong price gains. March 2018 sales and market states showed real estate values are up 12.8% with a median value of $265,000 and homes sales showed a decrease of 0.5%. According to Albert Scaralia President of Albert Realtors continue to see a strong demand from home buyers in every market in Rhode Island, consumer confidence continues to drive the demand coupled with historically low-interest rates. Scaralia said the biggest challenge in the market is lack of inventory, we are at less than a 3 month supply of homes for sale which falls short of the needed homes to meet demand. Scaralia encourages anyone who is thinking of selling to do so now, they will receive top dollar and if they are looking to buy on the back end they will enjoy very favorable interest rates and more likely a continued appreciation of their new home.
Rhode Island real estate market report March 2018
Written by Kerri Baccari on . Posted in Homes for sale in Rhode Island, Industry News, Real Estate, Rhode Island, Rhode Island real estate news
Tags: Cranston rhode island real estate, homes for sale in rhode island, rhode island real estate
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