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December 2019 Market Report

Mott & Chace Sotheby’s International Realty is pleased to release the Rhode Island real estate single family home statistics for December 2019. The median asking price for new listings increased 9.2%, while the median home price of sold listings increased 8.1%. The supply of inventory decreased from 6.0 months to 2.1 months when compared to the same time period last year. Additionally, the average days on market decreased 3.6% in December 2019 when compared to last year. Single family home sales in December continued to experience a slight price appreciation, in part due to low inventory levels. The number of units for sale has decreased over the past year, indicating that the market may

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Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries.

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