Cheryl Eley Your Real Estate Resource

11/29/2025

03/31/2025

Join us for an evening at Gallery Night in our Jamestown Office, featuring the incredible work of local artist, and RI Real Estate Services REALTOR®, Matt Stuart. Enjoy an inspiring display of his art while savoring snacks and refreshing beverages. It’s the perfect opportunity to connect and appreciate local talent. We look forward to seeing you there!

02/19/2025

Rhode Island Real Estate news!

The real estate market in Rhode Island in 2025 is exhibiting several notable trends:
Price Increases: There has been a consistent rise in median home prices. For instance, the median price for single-family homes in September 2024 was reported at $485,000, marking a 6.6% increase from the previous year. By January 2025, Providence saw home prices up by 12.1%, with a median price of $499,000.
Sales Activity: Despite the price increases, sales activity has shown signs of growth. In October 2024, there was an 11.5% rise in the median price of single-family home sales year-over-year, with closed transactions increasing by 5.4%. However, there's also been a slight decrease in the number of homes sold in some months, indicating a balancing act between demand and affordability.
Inventory: The inventory of homes for sale has been increasing, with a 21.7% rise in the number of homes listed in early 2025 compared to the previous year. Despite this increase, the supply remains relatively low, contributing to competitive market conditions. In some areas like Providence, the market is described as a seller's market due to demand outstripping supply.
Market Dynamics: High interest rates and affordability challenges continue to impact buyer activity, but life events and the intrinsic demand for housing keep the market active. The real estate market in Rhode Island shows resilience, with a slight tempering of buyer activity due to higher mortgage rates but sustained demand for quality properties.
Regional Variations: There are variations across different parts of Rhode Island. For example, Providence and Warwick have shown significant price growth, while coastal and inland areas might see different trends based on local factors like amenities and job centers.
Forecasts: Analysts predict a continued moderate growth in home prices through 2025, without expecting a dramatic shift unless significant national or global economic changes occur.
Broader Context: Posts on X indicate that Rhode Island's housing market is influenced by regional dynamics, with Massachusetts' housing policies affecting Rhode Island's market, and there are concerns about affordability due to out-of-state investment and demographic shifts.
Overall, Rhode Island's real estate market in 2025 remains competitive, with rising prices, limited inventory, and a market that, while slowed by higher interest rates, continues to see demand due to various socio-economic factors.

01/29/2025

Happy Lunar New Year! 🐍🌟 Wishing you wisdom, prosperity, and endless opportunities in the Year of the Snake. Whether it’s a new start or finding your dream home, let’s make it happen together.

01/27/2025

Are short-term rentals still a good investment in 2025? The market is evolving, with rising demand and creative strategies shaping its future. Explore insights in this blog post on BerkshireHathawayHS.com.

Read it here: https://www.bhhs.com/blog/blog-detail/2024/12/are-short-term-rentals-still-a-good-investment-in-2025-.html?utm_source=facebook&utm_medium=social_media&utm_campaign=soci&utm_date=January2025

Questions? Ask me today—I’m happy to help.

🖥️ https://www.bhhs.com/commonwealth-real-estate-ma312/east-greenwich/cheryl-eley/cid-1106589?utm_source=facebook&utm_medium=social_media&utm_campaign=soci&utm_date=January2025
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01/24/2025

Looking for a place to disappear and enjoy the best of nature and community? Jackson Hole offers that unmatched balance according to the 2025 Ski Report. Discover the resorts that cater to all experience levels, the high-end amenities buyers are seeking, and why this area is favored by people who want to fly under the radar.

Read the full report at www.BerkshireHathawayHS.com/reports?utm_source=facebook&utm_medium=social_media&utm_campaign=soci&utm_date=January2025

🖥️ https://www.bhhs.com/commonwealth-real-estate-ma312/east-greenwich/cheryl-eley/cid-1106589?utm_source=facebook&utm_medium=social_media&utm_campaign=soci&utm_date=January2025
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01/22/2025

Discover the timeless appeal of ranch-style homes, their mid-century origins, and unique design features in this blog post.

Read it here: https://www.bhhs.com/blog/blog-detail/2024/12/a-complete-guide-to-ranch-style-houses.html?utm_source=facebook&utm_medium=social_media&utm_campaign=soci&utm_date=January2025

Questions? Feel free to reach out—I’d love to help!

🖥️ https://www.bhhs.com/commonwealth-real-estate-ma312/east-greenwich/cheryl-eley/cid-1106589?utm_source=facebook&utm_medium=social_media&utm_campaign=soci&utm_date=January2025
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01/20/2025

'The time is always right to do what is right.’ Let’s honor Dr. King’s legacy by fostering positive change in our neighborhoods—today, tomorrow, and always. 🏡💪

01/16/2025

Thinking of selling your home this spring? 🏡 It’s all in the details. Discover tips to make your home stand out in this blog post.

Read it here: https://www.bhhs.com/blog/blog-detail/2024/12/detailing-that-will-help-sell-your-home-this-spring.html?utm_source=facebook&utm_medium=social_media&utm_campaign=soci&utm_date=January2025

Questions? Ask me today—I’m happy to help.

🖥️ https://www.bhhs.com/commonwealth-real-estate-ma312/east-greenwich/cheryl-eley/cid-1106589?utm_source=facebook&utm_medium=social_media&utm_campaign=soci&utm_date=January2025
📧 [email protected]

01/15/2025

Is Big Sky calling your name? The 2025 Ski Report dives into the town’s shifting real estate market, with signs of a balance between buyers and sellers. Explore new amenities at Big Sky Resort, including the Madison 8 chairlift and new gondola, and get the inside scoop on the upcoming One&Only Moonlight Basin and new dining and shopping opportunities.

Read the full report at www.BerkshireHathawayHS.com/reports?utm_source=facebook&utm_medium=social_media&utm_campaign=soci&utm_date=January2025

🖥️ https://www.bhhs.com/commonwealth-real-estate-ma312/east-greenwich/cheryl-eley/cid-1106589?utm_source=facebook&utm_medium=social_media&utm_campaign=soci&utm_date=January2025
📧 [email protected]