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Health & Fitness

North Kingstown Home Sales Update May 2014

North Kingstown RI Home Sales Market -May 2014

This North Kingstown RI single family real estate market data update for May 2014 is provided by Ginny Lacey Gorman of RI coastal real estate.  The spring real estate market has pulled back this month with a 8% decrease in home sales over April.

The month of May home sales data is as follows:

  • Properties currently active on the market: 197 
  • Single-family properties closed in May 2014: 23 
  • Median sales  price: $ 263,000
  • Sales price to list price ratio: 97%
  • Average days on the market: 80 
  • Sales currently pending: 38 

North Kingstown home absorption rate for May is 8.5 months of home inventory (a normal market would be 5-7 months of inventory and considered a balanced market).   Based on this most recent home sales data, the North Kingstown real estate market is still a buyers market.  

Find out what's happening in North Kingstownwith free, real-time updates from Patch.

  • Breakdown of the 23 North Kingstown sold homes is as follows for the month: 14 homes sold under $300,000, homes sold between $300,000-$400,000 and 4 homes sold over $400,000.  The under $300,000 market remains the  strongest selling market in home sales in May.

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               North Kingstown RI Real Estate Market May 2014

The North Kingstown RI May 2014 home market is a viable and active RI real estate market.  Stabilization of home prices and a higher list price to home sale price are important factors in a better real estate market.  

Find out what's happening in North Kingstownwith free, real-time updates from Patch.

Home sales January – May 2014 compared to January – May 2013 shows a 2% decline in home sales and a 3% (from $335,000 to $325,000) decrease in home prices.  

Looking for North Kingstown homes for sale?   Or perhaps you are considering relocating to North Kingstown?  Click the highlighted links and explore the right southern RI reasons to buy here.

Contact me, Ginny Lacey Gorman, today at 401.529.7849 or email me at ginny@RiHouseHunt.com if you are considering selling your home.  Working with home sellers everyday to list, promote and market homes successfully for my clients.  I live, work and play in North Kingstown and know this town like the back of my hand.  Hope you found the single family North Kingstown RI Home Sale Market Report for May 2014 more than a good read but the right information to take forward.

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