Providence RI anchors the 36th largest metropolitan population in the country, with an estimated MSA population of 1,600,856, exceeding that of Rhode Island by about 60% due to its reaching into southern Massachusetts. Providence was founded in 1636 by Roger Williams, a religious exile from the Massachusetts Bay Colony. He named the area in honor of "God's merciful Providence" which he believed was responsible for revealing such a haven for him and his followers to settle. The city of Providence is geographically very compact. It is among the most densely populated cities in the country. For this reason, Providence has the eighth-highest percentage of pedestrian commuters.
Seven of the fourteen institutions of higher learning in Rhode Island have campuses in Providence: Brown University, Community College of Rhode Island, Johnson & Wales University, Providence College, Rhode Island College, Rhode Island School of Design and the University of Rhode Island (Providence campus). Between these schools the number of postsecondary students is approximately 44,000, or 25% the population of the city of Providence. Compounded by Brown University's being the second-largest employer, higher education exerts a considerable presence in the city's politics and economy. But competition among schools of higher learning is not the only competition in the Providence area.
Many of the local Member Agents have joined a website called HungryAgents.com® where they compete for your business. The registered Member Agents compete by bidding.
For sellers they bid the total commission they will charge for selling your home and what part of the commission they will pay the buyer's agent. The average bid to sellers in the area is currently 4.02% total commission rate. For buyers they bid the percentage of the buyer's agent commission they earn that they will give you for helping you buy your home. The average bid to buyers is 30.26% in the Providence area.
These bids are for Full Service only so it is easy to compare them. Currently, Member Agents are making an average of 6 bids to buyers and sellers.
Area demographic facts from Wikipedia, the free encyclopedia.
The average bid to sellers in the area is currently 4.02% total commission rate. The average bid to buyers is 30.26% in the Providence area. Currently, Member Agents are making an average of 6 bids to buyers and sellers.