RHODE ISLAND
Q3 2018


RHODE ISLAND
Q3 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 | Q3 2018
RHODE ISLAND
Q3 2018 Q3 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 5134 5339 -3.84%  15133 15659 -3.36% 
Sold Listings 3374 3955 -14.69%  9436 10197 -7.46% 
Median Listing Price $269,900 $259,000 4.21%  $260,000 $249,900 4.04% 
Median Selling Price $265,500 $255,000 4.12%  $260,000 $245,000 6.12% 
Median Days on Market 35 36 -2.78%  36 40 -10% 
Average Listing Price $353,939 $318,253 11.21%  $336,645 $310,480 8.43% 
Average Selling Price $344,122 $310,167 10.95%  $327,565 $301,286 8.72% 
Average Days on Market 51 53 -3.77%  55 62 -11.29% 
List/Sell Price Ratio 98.1% 98.3% -0.21%  98.1% 97.8% 0.32% 
Market Area New Listings % Properties Sold % Median Sold Price % Median DOM %
Q3
2018
Q3
2017
Change Q3
2018
Q3
2017
Change Q3
2018
Q3
2017
Change Q3
2018
Q3
2017
Change
Bristol 307 268 15%  203 220 -7.73%  $370 K $346 K 6.83%  45 40 13% 
Single Family Homes 274 241 14%  173 198 -13%  $380 K $348 K 9.35%  47 39 21% 
Condo-Townhome 33 27 22%  30 22 36%  $268 K $315 K -15%  43 44 -2.27% 
Kent 486 1160 -58%  448 860 -48%  $240 K $233 K 2.85%  35 34 2.94% 
Single Family Homes 381 990 -62%  368 761 -52%  $254 K $235 K 8.26%  36 34 5.88% 
Condo-Townhome 105 170 -38%  80 99 -19%  $177 K $220 K -20%  20 35 -43% 
Newport 579 522 11%  353 382 -7.59%  $440 K $400 K 10%  56 57 -1.75% 
Single Family Homes 454 438 3.65%  288 309 -6.80%  $442 K $400 K 10%  55 56 -1.79% 
Condo-Townhome 125 84 49%  65 73 -11%  $395 K $400 K -1.25%  61 70 -13% 
Providence 2829 2406 18%  1773 1857 -4.52%  $236 K $229 K 3.06%  28 30 -6.67% 
Single Family Homes 2393 2068 16%  1468 1567 -6.32%  $245 K $235 K 4.48%  28 29 -3.45% 
Condo-Townhome 436 338 29%  305 290 5.17%  $186 K $182 K 2.06%  28 35 -20% 
Washington 933 983 -5.09%  597 636 -6.13%  $358 K $335 K 6.90%  38 45 -16% 
Single Family Homes 767 799 -4.01%  498 534 -6.74%  $379 K $342 K 11%  37 43 -14% 
Condo-Townhome 166 184 -9.78%  99 102 -2.94%  $310 K $241 K 28%  40 61 -34% 
Total 5134 5339 -3.84%  3374 3955 -15%  $266 K $255 K 4.12%  35 36 -2.78% 
Single Family Homes 4269 4536 -5.89%  2795 3369 -17%  $276 K $260 K 6.04%  34 36 -5.56% 
Condo-Townhome 865 803 7.72%  579 586 -1.19%  $215 K $220 K -2.27%  36 44 -18% 

RHODE ISLAND
MARKET OVERVIEW
Q3 2018 | Single Family Homes
Q3 2018 Q3 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 4269 4536 -5.89%  12631 13247 -4.65% 
Sold Listings 2795 3369 -17.04%  7827 8662 -9.64% 
Median Listing Price $279,900 $264,900 5.66%  $269,900 $250,000 7.96% 
Median Selling Price $275,700 $260,000 6.04%  $269,000 $250,000 7.6% 
Median Days on Market 34 36 -5.56%  36 40 -10% 
Average Listing Price $372,690 $326,430 14.17%  $350,459 $320,333 9.4% 
Average Selling Price $361,736 $317,754 13.84%  $340,635 $310,407 9.74% 
Average Days on Market 50 51 -1.96%  54 60 -10% 
List/Sell Price Ratio 98.1% 98.3% -0.27%  98.2% 97.9% 0.3% 
TEN-YEAR MARKET HISTORY
Q3 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
Q3 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
Q3 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
Q3 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
Q3 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
Q3 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)
Q3 2018 | Single Family Homes
Number of properties sold in the previous two years

RHODE ISLAND
MARKET OVERVIEW
Q3 2018 | Condo-Townhome
Q3 2018 Q3 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 865 803 7.72%  2502 2412 3.73% 
Sold Listings 579 586 -1.19%  1609 1535 4.82% 
Median Listing Price $219,900 $219,900 0%    $216,000 $210,000 2.86% 
Median Selling Price $215,000 $220,000 -2.27%  $213,200 $206,000 3.5% 
Median Days on Market 36 44 -18.18%  36 45 -20% 
Average Listing Price $263,426 $271,243 -2.88%  $269,445 $254,882 5.71% 
Average Selling Price $259,091 $266,545 -2.8%  $263,987 $249,818 5.67% 
Average Days on Market 55 66 -16.67%  60 71 -15.49% 
List/Sell Price Ratio 98.1% 98% 0.08%  98% 97.5% 0.5% 
TEN-YEAR MARKET HISTORY
Q3 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
Q3 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
Q3 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
Q3 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
Q3 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
Q3 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)
Q3 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.