.

Rhode Island Leads New England With Increase in Real Estate Units Sold

Across the board, there are positive trends in the marketplace that are backed by data, and as a real estate professional, I need to share the message with you!

Good news in Real Estate??!! For the last 17 months, the number of units sold year-over-year in New England has increased while inventory has steadily decreased. In October, Rhode
Island saw the largest increase in units sold, followed by Connecticut. Our
Monthly Housing Report is an incredible resource that
I thought you would appreciate. To read the
entire housing report, please click here.

Across the board, there are positive trends in
the marketplace that are backed by data, and as a
real estate professional, I need to share
the message with you!

Recently, RE/MAX, LLC released their  RE/MAX National Housing Report. In short, nationally:

- Sales were 17.8% higher.

- Prices were 2.1% higher than last October.

- Inventory was 28.9% lower than last year with a 5.2 month supply

In addition, last week the National Association of Realtors (NAR) also released data
for October. In align with our RE/MAX reports, NAR released that this year's
Fall market appears to be stronger than the summer of 2011.

- October sales were up 2.1% from
September, and 10.9% higher than October last year.

- The October Median Price was up 11.1% from the price a year ago.

Nationally, prices have now increased 8 months in a row. Inventory remains much
lower than last year, down 21.9%.

For local and international information regarding real estate, please check out www.michellecartwright.remax.com.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something