RHODE ISLAND
Q1 2018


RHODE ISLAND
Q1 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 | Q1 2018
RHODE ISLAND
Q1 2018 Q1 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 3927 4110 -4.45%  3927 4110 -4.45% 
Sold Listings 2425 2449 -0.98%  2425 2449 -0.98% 
Median Listing Price $249,000 $228,000 9.21%  $249,000 $228,000 9.21% 
Median Selling Price $242,500 $221,500 9.48%  $242,500 $221,500 9.48% 
Median Days on Market 47 55 -14.55%  47 55 -14.55% 
Average Listing Price $307,841 $289,527 6.33%  $307,841 $289,527 6.33% 
Average Selling Price $298,703 $277,571 7.61%  $298,703 $277,571 7.61% 
Average Days on Market 66 78 -15.38%  66 78 -15.38% 
List/Sell Price Ratio 97.6% 96.9% 0.81%  97.6% 96.9% 0.81% 
Market Area New Listings % Properties Sold % Median Sold Price % Median DOM %
Q1
2018
Q1
2017
Change Q1
2018
Q1
2017
Change Q1
2018
Q1
2017
Change Q1
2018
Q1
2017
Change
Bristol 235 237 -0.84%  118 106 11%  $353 K $303 K 17%  49 90 -46% 
Single Family Homes 208 215 -3.26%  103 96 7.29%  $351 K $306 K 15%  50 90 -44% 
Condo-Townhome 27 22 23%  15 10 50%  $385 K $241 K 60%  30 88 -66% 
Kent 820 847 -3.19%  494 566 -13%  $217 K $205 K 5.95%  44 54 -19% 
Single Family Homes 689 716 -3.77%  419 485 -14%  $227 K $208 K 8.90%  42 55 -24% 
Condo-Townhome 131 131 0.00%  75 81 -7.41%  $167 K $163 K 2.45%  68 51 33% 
Newport 391 436 -10%  228 253 -9.88%  $391 K $354 K 10%  62 82 -24% 
Single Family Homes 321 344 -6.69%  185 207 -11%  $399 K $351 K 14%  62 82 -24% 
Condo-Townhome 70 92 -24%  43 46 -6.52%  $368 K $363 K 1.31%  52 86 -40% 
Providence 1835 1883 -2.55%  1221 1145 6.64%  $217 K $191 K 14%  44 45 -2.22% 
Single Family Homes 1474 1568 -5.99%  1022 955 7.02%  $223 K $197 K 13%  44 44 0.00% 
Condo-Townhome 361 315 15%  199 190 4.74%  $185 K $160 K 16%  43 46 -6.52% 
Washington 646 707 -8.63%  364 379 -3.96%  $341 K $300 K 14%  52 82 -37% 
Single Family Homes 529 573 -7.68%  288 317 -9.15%  $350 K $305 K 15%  56 80 -30% 
Condo-Townhome 117 134 -13%  76 62 23%  $300 K $241 K 24%  43 84 -49% 
Total 3927 4110 -4.45%  2425 2449 -0.98%  $243 K $222 K 9.48%  47 55 -15% 
Single Family Homes 3221 3416 -5.71%  2017 2060 -2.09%  $250 K $225 K 11%  46 55 -16% 
Condo-Townhome 706 694 1.73%  408 389 4.88%  $205 K $189 K 8.52%  50 53 -5.66% 

RHODE ISLAND
MARKET OVERVIEW
Q1 2018 | Single Family Homes
Q1 2018 Q1 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 3221 3416 -5.71%  3221 3416 -5.71% 
Sold Listings 2017 2060 -2.09%  2017 2060 -2.09% 
Median Listing Price $249,900 $229,900 8.7%  $249,900 $229,900 8.7% 
Median Selling Price $250,000 $225,000 11.11%  $250,000 $225,000 11.11% 
Median Days on Market 46 55 -16.36%  46 55 -16.36% 
Average Listing Price $314,202 $299,155 5.03%  $314,202 $299,155 5.03% 
Average Selling Price $304,796 $285,715 6.68%  $304,796 $285,715 6.68% 
Average Days on Market 65 78 -16.67%  65 78 -16.67% 
List/Sell Price Ratio 97.7% 96.8% 0.87%  97.7% 96.8% 0.87% 
TEN-YEAR MARKET HISTORY
Q1 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
Q1 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
Q1 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
Q1 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
Q1 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
Q1 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)
Q1 2018 | Single Family Homes
Number of properties sold in the previous two years

RHODE ISLAND
MARKET OVERVIEW
Q1 2018 | Condo-Townhome
Q1 2018 Q1 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 706 694 1.73%  706 694 1.73% 
Sold Listings 408 389 4.88%  408 389 4.88% 
Median Listing Price $210,000 $194,900 7.75%  $210,000 $194,900 7.75% 
Median Selling Price $205,000 $188,900 8.52%  $205,000 $188,900 8.52% 
Median Days on Market 50 53 -5.66%  50 53 -5.66% 
Average Listing Price $276,393 $238,539 15.87%  $276,393 $238,539 15.87% 
Average Selling Price $268,580 $234,444 14.56%  $268,580 $234,444 14.56% 
Average Days on Market 71 81 -12.35%  71 81 -12.35% 
List/Sell Price Ratio 97.5% 97% 0.47%  97.5% 97% 0.47% 
TEN-YEAR MARKET HISTORY
Q1 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
Q1 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
Q1 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
Q1 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
Q1 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
Q1 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)
Q1 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.