Here is some great national real estate statistics to send us all off sailing into the weekend!

~ New home sales are running 10 % above last year’s levels, existing home sales are 5 % higher.

~Homes are selling in just 45 days on average compared to 59 days at this time last year.

~The consumer confidence index shot up 10 points in March to reach 126- the highest level since December 2000!!!

So to steal a quote from a much loved Beantown movie …”How do ya like them apples?” !!! Here’s to keeping the wind in the proverbial real estate sails!!!

With closing price to list price ratio avering 96%, days on market lowering to 40 and average listing price at $479k now is a great time to list your home in Barrington, RI.  In fact the median sale price the past 12 months in Barrington has seen a change of +14.7% !

Gains have also been seen on the buying end. With a record low inventory in March and April, the supply of homes in the East Bay is increasing daily. Today’s numbers reveal a “balanced marketplace” in Barrington  with 6 months of inventory currently existing. Furthermore interest rates are remaining low , another factor which also behooves the buyer seeking a mortgage.

Homes priced competitively, at market value, are moving quickly. “Pending sale” signs are appearing all over town and that is true in markets across the state. It’s an exciting time to list a home and it’s a great time to purchase. Being a Realtor working with clients on both sides of the transaction is truly exhilarating and a challenge I so enjoy! Reach out to me if you would like to explore real estate opportunities within our beautiful Ocean State!

Enjoy this incredible weather while it lasts!