If you need assistance, please call 401-232-7661

Will RI Home Values Rise in 2016?

Tuesday, February 9, 2016   /   by Nathan Clark

Will RI Home Values Rise in 2016?

Selling a home? Click here for a FREE Home Price Evaluation

What can we expect from the Rhode Island real estate market in 2016? The best way to find out is to look back at what the market has done.


Overall, our average selling price has shifted, and it’s been getting higher every month since 2013. This is great news for our market. We don’t expect this to change, even though interest rates have gone up recently.


NathanClark_PullQuote2.9.16.jpg
I don’t see a major shift happening in 2016, and what is driving our market is the low amount of inventory. We’re seeing the same amount of demand, but we may see even more this year as interest rates creep back up. This is also what has been driving the increase in sale prices.


This means that now is the time to sell if you’ve been waiting. Market conditions are in your favor. Buyers know that homes will only get harder to afford if they wait, so they’re buying up homes quickly and for top dollar.


If you need help buying or selling in Rhode Island, please don’t hesitate to contact me!

 
Nathan Clark & Associates
Nathan Clark Team
39 Cedar Swamp Rd
Smithfield, RI 02917
401-232-7661

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.®
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.© 2019 State-Wide Multiple Listing Service. All rights reserved.