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Home Newport RI market update

Newport RI market update

Newport, RI - Single Family December, 2009

Prices Median price in December was $485,000. This is up 27.0% from $382,000 in December of 2008. Average sale price (most recent 3 months) is $594,265, down substantially from $770,370 in 2008.

Inventory Inventory is 152, up a bit from 140 in 2008. New listings of 11 in December were down substantially from 24 in November and down moderately from 12 in December of 2008.

Market Time Days on market of 119 in December was down considerably from 185 in November but up substantially from 92 in December of 2008. Months of supply in December moved down to 11.8 from 13.0 in November.







Posted Wednesday Feb 10