2015 Final Rhode Island Real Estate Market Statistics

2015 has come and gone, here is a roundup of the final Real Estate Market Statistics from Emilio DiSpirito of the DiSpirito Team and host of The Round Table Real Estate Simplified each Sunday at 10 am on iHeartradio “whjj” and Emilio DiSpirito Top real estate agent in rhode islandNewsradio 920.  Without further adieu, here are the final Real Estate Statistics for 2015:

  • 13,233 was the total number of combined real estate sales in Rhode Island for Single Family Homes, Multi Family Homes, Condominiums, Vacant Land
  • 8% more properties were sold in Rhode Island 2015 over 2014 (12,168 total sales in 2014 for single family, multi family, condos, land)
  • Median Single Family Home in RI Sale Price in 2015 rose 5.5% over 2014
    • 2014 SFM SP $214,900 8928 units sold vs. 2015 SFM SP $225,000 9738 units sold
  • Median Condo in RI Sale Price in 2015 rose 2.8% over 2014
    • 2014 CND SP $195,000 1566 units sold vs 2015 CND SP $200,444 1643 units sold
  • Median Multi Family Home in Rhode Island Sold 13.8% higher in 2015 than in 2014!
    • 2014 MFM SP $145,750 1335 units sold vs 2015 MFM SP $169,000 1510 units sold
  • 342 pieces of land sold in 2015 vs 339 in 2014. Land sales remain steady.
  • In 2015 39.6% of all listings on MLS were either withdrawn or had expired under the agent that had the listing vs. 33.7% of total listings withdrawn in 2014
    • Many were relisted, prices adjusted, new marketing put in place and sold. The exact number is still undetermined.
  • Rhode Island is predicted by industry leaders to be the #1 Housing Market in America in 2016! 

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