Februaury's Rhode Island Housing Statistics

According to a recent Providence Journal poll, 73% of those polled believe it is a buyer’s market and 23% believe it is a seller’s market. This comes on the heels of February housing statistics released by the Rhode Island Association of REALTORS.

 

Rhode Island saw median house prices increase 12% from February of 2012.The median price was $189,500 in February of 2013 compared to $170,000 in February of 2012.

 
The number of homes sold also increased. It went up 2%, with 442 houses sold.

There was good news for sellers, the number of houses for sale on the market decreased by 18% in February. The number of foreclosures and short sales also decreased from 37% last February to 31% in February of 2013. Making the market a little more seller friendly than it has been.