Mid November Market Update

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Real Estate

Market Update


April 2021 there were less than 700 single family homes for sale in RI. This was the lowest number since remembered. August 2021 the number rose to 1,400 causing a little sense/feel of the market slowing down just a tad. To explain, the more homes that are for sale; the less competitive the market becomes. The number of single family homes for sale is a great, quick way to gauge how competitive the market is. The lower the #, the more competitive the market becomes. Well, as of today 11/10/2021  9:00 AM there are currently 1,083 homes for sale! Will we go back under 1K as we proceed through the holiday months?  I thought during the holiday season the market is supposed to slow down? Is it that the sellers are the ones slowing down, and the buyers keep buying? #Sellers! We need you, where are the sellers? 

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