RHODE ISLAND
Q2 2018


RHODE ISLAND
Q2 2018

RHODE ISLAND PDF Share Facebook
ALL PROPERTY TYPES  M Q
Bristol County  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Kent County  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Newport County  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Providence County  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Washington County  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
.
M MONTHLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
Q QUARTERLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
Cities, areas, neighborhoods or property types within a county that are not represented indicate there is not enough sold data to produce a monthly or quarterly report for that specific city. If you are interested in information for a specific city, area, neighborhood and/or property type, please contact us.


REAL ESTATE SNAPSHOT | Q2 2018
RHODE ISLAND
Q2 2018 Q2 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 6554 6053 8.28%  10511 10239 2.66% 
Sold Listings 3594 3792 -5.22%  6035 6242 -3.32% 
Median Listing Price $269,000 $249,900 7.64%  $259,900 $239,900 8.34% 
Median Selling Price $265,000 $249,900 6.04%  $255,400 $237,700 7.45% 
Median Days on Market 29 36 -19.44%  36 43 -16.28% 
Average Listing Price $340,388 $315,938 7.74%  $326,946 $305,555 7% 
Average Selling Price $332,064 $307,368 8.03%  $318,317 $295,659 7.66% 
Average Days on Market 51 60 -15%  57 67 -14.93% 
List/Sell Price Ratio 98.5% 97.9% 0.59%  98.2% 97.5% 0.66% 
Market Area New Listings % Properties Sold % Median Sold Price % Median DOM %
Q2
2018
Q2
2017
Change Q2
2018
Q2
2017
Change Q2
2018
Q2
2017
Change Q2
2018
Q2
2017
Change
Bristol 382 348 9.77%  209 213 -1.88%  $385 K $369 K 4.34%  20 34 -41% 
Single Family Homes 339 316 7.28%  180 191 -5.76%  $393 K $381 K 2.96%  18 35 -49% 
Condo-Townhome 43 32 34%  29 22 32%  $330 K $310 K 6.45%  26 21 24% 
Kent 1392 1243 12%  774 852 -9.15%  $235 K $220 K 6.82%  34 37 -8.11% 
Single Family Homes 1236 1100 12%  672 745 -9.80%  $240 K $225 K 6.67%  32 35 -8.57% 
Condo-Townhome 156 143 9.09%  102 107 -4.67%  $189 K $193 K -2.08%  40 55 -27% 
Newport 671 615 9.11%  335 361 -7.20%  $408 K $375 K 8.80%  45 58 -22% 
Single Family Homes 533 515 3.50%  278 301 -7.64%  $417 K $395 K 5.68%  46 59 -22% 
Condo-Townhome 138 100 38%  57 60 -5.00%  $340 K $299 K 14%  38 55 -31% 
Providence 3018 2781 8.52%  1674 1756 -4.67%  $234 K $220 K 6.36%  24 31 -23% 
Single Family Homes 2519 2333 7.97%  1353 1478 -8.46%  $242 K $225 K 7.56%  24 29 -17% 
Condo-Townhome 499 448 11%  321 278 15%  $189 K $172 K 9.88%  23 34 -32% 
Washington 1091 1066 2.35%  602 610 -1.31%  $364 K $329 K 11%  37 40 -7.50% 
Single Family Homes 942 898 4.90%  496 517 -4.06%  $379 K $345 K 9.86%  35 40 -13% 
Condo-Townhome 149 168 -11%  106 93 14%  $276 K $285 K -3.41%  49 48 2.08% 
Total 6554 6053 8.28%  3594 3792 -5.22%  $265 K $250 K 6.04%  29 36 -19% 
Single Family Homes 5569 5162 7.88%  2979 3232 -7.83%  $275 K $255 K 7.84%  29 35 -17% 
Condo-Townhome 985 891 11%  615 560 9.82%  $215 K $205 K 4.88%  32 38 -16% 

RHODE ISLAND
MARKET OVERVIEW
Q2 2018 | Single Family Homes
Q2 2018 Q2 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 5569 5162 7.88%  8817 8641 2.04% 
Sold Listings 2979 3232 -7.83%  5011 5293 -5.33% 
Median Listing Price $279,000 $259,000 7.72%  $268,000 $249,000 7.63% 
Median Selling Price $275,000 $255,000 7.84%  $264,900 $243,900 8.61% 
Median Days on Market 29 35 -17.14%  36 42 -14.29% 
Average Listing Price $355,284 $327,516 8.48%  $338,281 $316,452 6.9% 
Average Selling Price $346,158 $318,523 8.68%  $329,073 $305,730 7.64% 
Average Days on Market 50 58 -13.79%  56 66 -15.15% 
List/Sell Price Ratio 98.6% 98.1% 0.53%  98.2% 97.6% 0.65% 
TEN-YEAR MARKET HISTORY
Q2 2018 | Single Family Homes
Average Sale Price vs. Number of Sold Properties each Year
** Sold Properties for current year are annualized based on actual sales year-to-date

RHODE ISLAND
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
Q2 2018 | Single Family Homes
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM
Q2 2018 | Single Family Homes
Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Days on Market | Average days on market for all properties sold.

RHODE ISLAND
PROPERTIES FOR SALE AND SOLD PROPERTIES
Q2 2018 | Single Family Homes
Properties for Sale | Number of properties listed for sale at the end of quarter.
Sold Properties | Number of properties sold.
MONTHS SUPPLY OF INVENTORY
Q2 2018 | Single Family Homes
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

RHODE ISLAND
MEDIAN SALE PRICE AND UNITS SOLD
Q2 2018 | Single Family Homes
Median Sale Price vs. Number of Sold Properties each Year ** Sold Properties for current year are annualized based on actual sales year-to-date
PROPERTIES SOLD BY PRICE RANGE (IN THOUSANDS)
Q2 2018 | Single Family Homes
Number of properties sold in the previous two years

RHODE ISLAND
MARKET OVERVIEW
Q2 2018 | Condo-Townhome
Q2 2018 Q2 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 985 891 10.55%  1694 1598 6.01% 
Sold Listings 615 560 9.82%  1024 949 7.9% 
Median Listing Price $219,000 $210,000 4.29%  $215,000 $204,900 4.93% 
Median Selling Price $215,000 $205,000 4.88%  $210,000 $199,900 5.05% 
Median Days on Market 32 38 -15.79%  36 46 -21.74% 
Average Listing Price $268,235 $249,113 7.68%  $271,474 $244,779 10.91% 
Average Selling Price $263,791 $242,992 8.56%  $265,686 $239,488 10.94% 
Average Days on Market 57 71 -19.72%  63 75 -16% 
List/Sell Price Ratio 98.2% 97.3% 0.98%  97.9% 97.2% 0.78% 
TEN-YEAR MARKET HISTORY
Q2 2018 | Condo-Townhome
Average Sale Price vs. Number of Sold Properties each Year
** Sold Properties for current year are annualized based on actual sales year-to-date

RHODE ISLAND
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
Q2 2018 | Condo-Townhome
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM
Q2 2018 | Condo-Townhome
Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Days on Market | Average days on market for all properties sold.

RHODE ISLAND
PROPERTIES FOR SALE AND SOLD PROPERTIES
Q2 2018 | Condo-Townhome
Properties for Sale | Number of properties listed for sale at the end of quarter.
Sold Properties | Number of properties sold.
MONTHS SUPPLY OF INVENTORY
Q2 2018 | Condo-Townhome
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

RHODE ISLAND
MEDIAN SALE PRICE AND UNITS SOLD
Q2 2018 | Condo-Townhome
Median Sale Price vs. Number of Sold Properties each Year ** Sold Properties for current year are annualized based on actual sales year-to-date
PROPERTIES SOLD BY PRICE RANGE (IN THOUSANDS)
Q2 2018 | Condo-Townhome
Number of properties sold in the previous two years

The statistics presented in the Quarterly Market Report are compiled based on figures and data generated by IDC Global and Datafloat for the benefit of BHHS New England Properties. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. All information should be independently reviewed and verified for accuracy. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Data maintained by the MLSs may not reflect all real estate activity in the market. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright ©2018 BHHS New England Properties.
Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.