Here's an overview of the supply and demand with months of available inventory for Newport County:
| 5/30/2007 | ||||||
| Newport County | ||||||
| Active | Sold | Average Sales Per Month | Months of Inventory | Percent of Supply | Percent Sold | |
| Single Family | 816 | 634 | 52.8 | 15 | 59% | 71% |
| Multi Family | 101 | 47 | 3.9 | 26 | 7% | 5% |
| Condo | 309 | 174 | 14.5 | 21 | 22% | 19% |
| Land | 168 | 40 | 3.3 | 50 | 12% | 4% |
| Total | 1,394 | 895 | 74.6 | 19 | 100% | 100% |
Great time to buy, but make sure you have a Buyers Agent who knows the full market and the market trends.
As the Broker/Owner of William Raveis of RI, I am fortunate to work with the William Raveis group, the largest family owned real estate firm in the northeast and the 9th largest in US.
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