Overview of Current Market Conditions

The following charts show the changes that have taken place in the South Kingstown real estate market between 2003 and 2006. The first chart shows the median sale price for a single family home, both in 2003 and 2006. (The median sale price is the middle of the range of actual selling prices from the lowest to the highest. The median is used instead of an average because the average gives higher weight to the higher priced properties, the median gives equal weight to all sales.)

The second chart shows the change in the median selling price of a single-family home over the last 12 months leading up to 12/31/2006. The last chart shows the change in the number of single-family transactions over the same 12 months.

2003 vs 2006 Median Sale Price Comparison (Single Family Homes)

Changes in selling prices for Single Family Homes by Quarter

Changes in number of Single Family Sales by Quarter