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Tuesday, May 18, 2021

Rhode Island Real Estate in April: Sales Up 27% YoY, Inventory Down 48% YoY

by Calculated Risk on 5/18/2021 12:01:00 PM

Note: I'm tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.  Remember sales were weak in April 2020 due to the pandemic, so the YoY sales comparison is easy. 

For for the entire state Rhode Island:

Closed sales (single family and condos) in April 2021 were 1,080, up 26.6% from 853 in April 2020.

Active Listings (single family and condos) in April 2021 were 1,520, down 48.0% from 2,922 in April 2020.

Inventory in April was down 7.1% from last month.