Included in the most recent report from the Rhode Island Association of Realtors is something they call the ‘heat map,’ and it represents levels of inventory throughout the state. Currently some places in Rhode Island are actually in a buyer’s market (I’ll explain how we categorize balanced, buyer’s, and seller’s markets), but for sellers in our primary waterfront communities, there has quite literally never been a better time to sell. Today I’ll be using this map to explain why some RI sellers can ask almost anything for their property right now, and why New Yorkers have become our largest buyer pool. To see the map and find out the latest levels of inventory for your area, watch this short video.
