Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 25% from one year earlier, and down 25% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 38%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 220-thousand dollars. The number of units sold decreased 23% year-over-year, and decreased 6% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Coventry, RI
Area Information for Coventry, RI
Population:35,861
Median Age:45.72 yr
Median Commute Time:24 mins
Educational Climate*:4
Sales Tax:0%
Population Density:607/sq mi
Population Change Since 2000:5.9%
Closest Airport:Theodore Francis Green State
Closest College:New England Institute Of Technology
Closest Jr. College:Community College-rhode Island-warwick
Median Household Income:$66,137
Annual Residential Turnover:0%
Median Home Sales Price:$285,850
Closest Major Sports Team:Pawtucket Red Sox (aaa)
Change Avg. Household Income Since 2000:41.48%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Coventry, RI
Median Age: 45.72Married: 44%Number of Households: 13,769Households with Children: 3,664
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.