This Week's Real Estate Market Report

Bristol, RI

Condos/Townhomes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com



Bristol, RI

Sat Aug 17 2019
This week the median list price for Bristol, RI is $419,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 41. Click here to stay informed with the Bristol market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Bristol, RI

Sat Aug 17 2019
This week the median list price for Bristol, RI is $419,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 41. Click here to stay informed with the Bristol market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Bristol market.
Median List Price $419,000
Per Square Foot $282
Days on Market 111
Price Decreased 37%
Price Increased 0%
Relisted 5%
Inventory 41
Median Apartment Rent $1,800
Most Expensive $4,300,000
Least Expensive $150,000
Market Action Index
Slight Seller's Advantage
30

This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,332,000 2,794 - 3 2 14 0 0 202
$519,500 1,909 - 2 2 39 1 0 72
$334,450 1,285 - 2 1 44 1 0 59
$244,900 1,080 - 2 1 97 1 1 113