Sat Dec 07 2019
This week the median list price for Newport, RI is $897,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 85.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$897,000|
|Per Square Foot||$438|
|Days on Market||192|
|Slight Seller's Advantage|
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,400,000||6,622||1 - 2.5 acres||6||6||93||0||0||375|
|$1,475,000||3,259||8,000 - 10,000 sqft||4||3||136||0||1||215|
|$710,000||1,700||4,500 - 6,500 sqft||4||2||119||5||4||104|
|$472,450||1,391||4,500 - 6,500 sqft||3||1||94||4||4||77|