“The market continues to act unlike anything we have ever seen before. It is a competitive market that is heavily constrained by very limited inventory, which is combining with very strong demand to continue to drive prices higher and homes to sell faster” notes NRIBR President Rob Williamson. “However, we are also starting to see the long-term impact of low inventory with Lincoln, North Smithfield and Woonsocket posting year-over-year declines in closed sales in April, May and June. Supply is simply not keeping up with demand.” Read our press release here.
