RHODE ISLAND MARKET UPDATE
July 2019 July 2020
$289,842
AVERAGE SOLD PRICE
$319,167
AVERAGE SOLD PRICE
4,038
ACTIVE LISTINGS
46
AVERAGE DAYS ON MARKET
2,559
ACTIVE LISTINGS
44
AVERAGE DAYS ON MARKET
DISCOVER THE
LILA DELMAN DIFFERENCE...
Now, more than ever, “home” has a significant meaning to us all.
Amidst the current climate, Lila Delman Real Estate is happy to report
encouraging metrics year-over-year for Rhode Island’s real estate market.
Comparing July 2019 to July 2020, we saw a significant 10.11% increase in the
sales price for residential property. Average days on market dropped by 2 days and the
inventory of homes available for purchase dropped 36.6%.
With inventory at an all time low and an influx of active buyers in search of property, we
invite you to contact our diverse team of local experts to help with any of your real estate
needs. Lila Delman provides the same luxury service to property at any price point, and this
defines the Lila Delman Difference.
NEWPORT
JAMESTOWN
WATCH HILL
NARRAGANSETT
PROVIDENCE
BLOCK ISLAND
These representations are based on information from the RI Statewide MLS for 7/1/2019 - 7/31/2020.