Top Small Teams in Rhode Island – Ranked By Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    1The Seyboth TeamCentury 21 The Seyboth TeamEast Providence, RI$154,929,133View Profile
    1Kirk Schryver TeamCompassBarrington, RI$68,840,833View Profile
    2Dina and NickiGustave White Sotheby’s International RealtyNewport, RI$45,404,500View Profile
    3The Martone GroupRE/MAX PropertiesSmithfield, RI$39,715,676View Profile
    4Sweeney Advisory GroupResidential Properties Ltd.Providence, RI$33,845,502View Profile
    5The Local GroupCompassNarragansett, RI$32,198,148View Profile
    6Dan & Nicole Harding CompassNarragansett, RI$31,756,500View Profile
    7Newport Living GroupCompassNewport, RI$30,471,811View Profile
    8Stephanie Basile GroupCompassProvidence, RI$29,770,022View Profile
    9Albert TeamRE/MAX InnovationsProvidence, RI$27,213,144View Profile
    10The Soby Fox TeamMott & Chace Sotheby’s International RealtySaunderstown, RI$25,673,741View Profile
    11Ken Scotti GroupRE/MAX PropertiesSmithfield, RI$25,138,575View Profile

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    2023 Rhode Island Housing Market Summary

    Rhode Island started 2023 with a total of 697 single-family homes on the market, with a median home price of $484,900 and an average price per square foot of $356. By the end of the year, inventory had increased to 720 homes on the market (+3%), with a median home price of $529,900 (+9%) and an average price per square foot of $403 (+13%).

    At the start of 2023, the median days on market (DOM) was 56 days – by the end of the year, median DOM had remained the same at 56 days.

    Rhode Island started the year with 25% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 23% of Rhode Island homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Rhode Island started 2023 as a strong seller’s market, with an MAI score of 52; by the end of the year, the MAI had dropped to 49 – a strong seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Real Estate News

    Lawsuits, Courts, Justice 8

    Gibson plaintiffs take issue with eXp’s commission lawsuit settlement agreement 

    Oct 23, 2024By

    The Gibson plaintiffs seek to transfer the Hooper suit to Missouri, allowing Judge Stephen Bough to oversee the approval of eXp’s settlement.

    Housing Market News

    DC, Treasury 1

    Treasury announces support to develop 26,000 affordable housing units 

    Oct 23, 2024By

    The department has awarded nearly $250 million to build up to 750 owner-occupied units and 25,600 rental units.

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    Agent News

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    Agent mobility hits lowest point in eight years 

    Oct 23, 2024By

    The latest data for September 2024 reveals a significant downturn in agent mobility, with the seasonally adjusted metric hitting its lowest point for September in eight years. This decline suggests that agents are increasingly hesitant to switch brokerages as we move deeper into the fall season.