Rhode Island real estate market report March 2018

    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.

    March 2018 Rhode Island real estate market

    About Albert Realtors-  Albert Realtors is a family owned real estate brokerage serving Rhode Island for over 55 years.  Albert Realtors is a full-service real estate company representing both home sellers and buyers throughout Rhode Island. Their corporate headquarters is located at 1050 Reservoir Ave Cranston, RI.  For more information visitwww.AlbertRealtors.com or 401-944-3377

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