This Week's Real Estate Market Report

Newport, RI

Single-Family Homes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com



Newport, RI

Tue May 21 2019
This week the median list price for Newport, RI is $995,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 88. Click here to stay informed with the Newport market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Newport, RI

Tue May 21 2019
This week the median list price for Newport, RI is $995,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 88. Click here to stay informed with the Newport market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Newport market.
Median List Price $995,000
Per Square Foot $445
Days on Market 134
Price Decreased 28%
Price Increased 0%
Relisted 5%
Inventory 88
Median House Rent
Most Expensive $39,000,000
Least Expensive $339,900
Market Action Index
Slight Seller's Advantage
32

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,974,999 6,144 1 - 2.5 acres 5 5 93 0 0 275
$1,582,500 3,253 4,500 - 6,500 sqft 4 3 133 1 2 123
$687,500 1,792 0 - 4,500 sqft 3 2 122 1 2 74
$443,000 1,315 0 - 4,500 sqft 3 1 99 5 3 63