Narragansett Home Sales June 2013 Update
The Narragansett home sales June 2013 update continues its strong upward real estate run as shown in this update.
As this is one of the RI real estate best Rhode Island coastal beach towns 
to reside in, Narragansett homes for sale offers great property choices. Let us take a look at what the market is doing this month in home sales and contracts…
The Narragansett home sales June 2013 update in real estate home information:
- Properties active and on the market: 178 (up by 5% over prior month)
- Single-family properties sold in June 2013: 17 (down 23% over prior month)
- Average sales price: $ 414,641 (down 23% over prior month)
- Median sales price: $ 385,000 (up by 29% over prior month)
- Sales price to list price ratio: 94% (stayed the same)
- Average days on the market: 83 (down by 94%! over prior month)
- Sales currently pending: 28 (up by 47% over prior month)
Narragansett Home Sales June 2013 Update
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Narragansett homes sale absorption rate has increased to just over 10 months worth of home inventory. Yes, it is still a buyers market it appears here.
- Breakdown of the 17 Narragansett RI home sales in June is as follows: 4 homes sold under $300,000, 7 homes sold between $300,000-$400,000 and 6 homes sold over $400,000. In June, the $300,000- $400,000 home market was the one that generated the most buyers interest.
- The luxury oceanfront Narragansett home market continues to be of buying interest.
Narragansett Home Sales June 2013 Update
Current home sales are down 23% over the prior month, home inventory was up by 5% and pending homes in contract were up by 47% over the prior month. So the interest in Narragansett homes continues. Single home prices are down by 23% and the number of home sales are down 29% for June 2013 over June 2012. Actually the last couple of months this Narragansett home sales market has been up and down.
The Narragansett home sales market has been a stronger selling market this past year. It is expected to remain strong in 2013 yet it has a lot of home inventory to sell.
Looking to buy a Narragansett home for sale? You have come to the right place! Let me help guide you here.
Best beach – Narragansett Beach
The Narragansett homes’ sales market remains hot. This community is a waterfront Washington county community that is known for its beaches, oceanfront Narragansett Pier, fabulous seafood restaurants and top RI public schools. This is all a great draw when put together for any Narragansett home buyer.
Looking for a RI waterfront Reat Estate agen that not only knows her Narragansett homes for sale but markets her clients properties with extreme exposure on line? I would love the opportunity to help you. Call me today.
If you are considering buying a coastal Narragansett RI home or interested in selling your home, contact Ginny Lacey Gorman, waterfront RI real estate agent, today at 401.529.7849 or email me at Ginny@RiHouseHunt.com. Let’s discuss your home needs now. Let my on line real estate sales program work for you! Narragansett Home Sales June 2013 Update.
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