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  CONDITIONS™
By Local Real Estate Experts  

Market Conditions for Newport, Rhode Island

Reported by Arthur Chapman, Broker/Owner

Updated October 27, 2010.

Current Market Rating: 2




1
2
3
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5
Buyer's

Seller's

Current Price Trend: 2




1
2
3
4
5
Falling

Rising

Transaction volume in Newport County is up nearly 5% over last year and has steadily gained since the dark days of 2008. Significant job creation in the area is the main reason for our uptick but the high end and ultra high end is very strong as well.

The pending sales or contracts per day are still very strong at this time of year - indicating steady stream of demand. We are still critically oversupplied, but the deals are happening again!


Company: William Raveis Chapman Enstone
Phone: 401-846-3800
Email: arthur dot chapman at raveis dot com

Navigate: Top > Rhode Island > Newport

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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