Top Medium Teams in Rhode Island – Ranked by Sides

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    6The Gammons TeamBerkshire Hathaway HomeServices Commonwealth Real EstateEast Greenwich, RI 100.0View Profile
    7The Hometown Experts TeamRE/MAX Town and CountryCumberland, RI 89.0View Profile
    8DiSpirito TeamEngel & Völkers East GreenwichEast Greenwich, RI 87.0View Profile
    9The Blackstone TeamCompassProvidence, RI 85.5View Profile
    11The Quinn GroupRE/MAX ResultsJohnston, RI 83.0View Profile

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    2023 Rhode Island Housing Market Summary

    Rhode Island started 2023 with a total of 697 single-family homes on the market, with a median home price of $484,900 and an average price per square foot of $356. By the end of the year, inventory had increased to 720 homes on the market (+3%), with a median home price of $529,900 (+9%) and an average price per square foot of $403 (+13%).

    At the start of 2023, the median days on market (DOM) was 56 days – by the end of the year, median DOM had remained the same at 56 days.

    Rhode Island started the year with 25% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 23% of Rhode Island homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Rhode Island started 2023 as a strong seller’s market, with an MAI score of 52; by the end of the year, the MAI had dropped to 49 – a strong seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Real Estate News

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    Open houses can be a goldmine for potential leads and a great way to showcase your listings. But let’s face it – getting visitors to sign in can sometimes feel like pulling teeth. People are increasingly hesitant to hand over their personal details. Sign-in sheets are crucial for your business and for everyone’s safety. In […]

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    A Free & Customizable Open House Sign-In Sheet Template (1)

    A Free & Customizable Open House Sign-In Sheet Template 

    Dec 19, 2024By

    Open houses can be a goldmine for potential leads and a great way to showcase your listings. But let’s face it – getting visitors to sign in can sometimes feel like pulling teeth. People are increasingly hesitant to hand over their personal details. Sign-in sheets are crucial for your business and for everyone’s safety. In […]