Single-family home sales in South County rose 22 percent in September, compared with the same month last year. The latest town-by-town figures from the Rhode Island Association of Realtors show that 163 sales were closed last month, compared with 134 in September 2018. Here are the numbers from local towns:
Westerly: 29 homes sold in September, one more than September 2018. The median price was $422,500, compared with $315,000 a year earlier, and the houses averaged 51 days on the market, compared with 84 in September 2018.
Charlestown: 19 closings reported, compared with 14 the year before. The median price was $437,000, compared with $391,750 a year earlier, and the average days on the market was 83, compared with 29 the preceding September.
Hopkinton: 13 home sales, 3 more than in September 2018. The median price was $375,000, compared with $253,000 the year before, and the homes averaged 55 days on the market, compared with 22 in September 2018.
Richmond: 11 home sales, compared with 7 in September 2018. The median price was $299,500, compared with $211,000 a year earlier, and the homes spent an average of 48 days on the market, compared with 59 last year.
The association reported that there were no distressed property sales involving Realtor-assisted transactions in September. Those are sales of homes subject to foreclosure or at prices below the amount owned on the mortgage.
The Realtors said that statewide, 953 homes were closed in September, compared with 868 in September 2018, a gain of 9.8 percent. The median price rose to $295,000, compared with $270,500 a year earlier.
Statewide listings totaled 3,683, down from 4,061 the year before. Closing activity also increased 11.6 percent from 12 months earlier. Single-family homes under contract but not sold by the end of the month rose 4.4 percent to 1,034, an indication that closing activity should remain strong in the coming months, the association said.
In other sectors of the market, condominium sales also saw a hike in median price, rising 9% to $242,950, though sales activity declined 11.9 percent, to 186 units, from September of 2018.
“Inventory remains scarce, so sellers are seeing higher gains and buyers who find a home are seeing some of the lowest mortgage rates ever," said Dean deTonnancourt, of Warwick, president of the association.