Cranston, Rhode Island– The numbers released by the Realtor Association shows home sales and values up through February 2018. According to Albert Scaralia President of Albert Realtors, the Rhode Island real estate market showed an increase in the median price of home values to 8.2% and an increase in home sales of 4.5%, the biggest challenge currently for home buyers is the low supply of inventory which has created strong competition and demand, even given this it still remains a great time to buy because interest rates remain at historical lows. Scaralia added with home values increasing sellers have recaptured losses in value from the downturn of 2008 and are now in a stronger position to sell and take advantage of the low-interest rates when buying their new home.
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 980 Reservoir Ave Cranston, RI. For more information visit www.AlbertRealtors.com or 401-944-3377