What You Need to Know about the Narragansett RI Real Estate Market

What You Need to Know about the Narragansett RI Real Estate Market in June 2012


Knowing the Narragansett RI Real Estate Market

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24 Narragansett homes were sold in June, as follows:

2 waterfront Narragansett homes sold for $2 million and over

4 homes sold over $400,000

  11 homes sold for between $300,000-$400,000 

   7 homes sold for under $300,000

Narragansett Rhode Island Real Estate Home Sale Information Facts:


Average Home Sale Price in June 2012 was $595,154,  homes sold on average for 94% of list price  and were on the real estate market for 98 days on average.

Median Home Sale Price in June 2012 was $358,750, median price of homes sold was 93% of list price and the median days on market were 57 days.


Home sales are up 20 % over the prior month of May 2012. Narragansett home sales are up 33% over last year same time (June 2012 compared to June 2011).  Pending home sales in Narragansett are down 31% over last month and down 5% over June 2012…

There were 191 Narragansett homes for sale in June 2012 which was a 7% increase over the prior month(12 more homes for sale).

The choices of homes in all price ranges are there for interested ready, willing and able buyers.  In the $1 million category of Narragansett homes for sale,  there are 36 homes for sale now.


The number of homes sold in June was 4 less than the number sold in May…. and yes, luxury waterfront sales in this waterfront Narragansett community are selling.

No Narragansett short sale sold in June.   


Narragansett’s June pending home sales: 18  homes.  Pending sales are down by 31% over the prior month.  It still remains a buyers market.


Summer is here with buyers looking for good housing opportunities…so spruce up and stage the home for curb appeal but give me a call for my home staging inspection advice too.


Why would you continue to RENT a home and not build any home ownership when there are great deals in Narragansett and other Rhode Island real estate communities to BUY a home?

With VA , Affordable housing through Narragansett Housing Authority and USDA loans, buying is possible right now.  Call me so I may  put you in touch with a mortgage loan officer who can work with you financially.  Home ownership is a great feeling when done within your means.

Interested in the Rhode Island real estate market and need guidance, call me at 401.529.7849 for my local Narragansett real estate knowledge and guidance.  What You Need to Know about the Narragansett RI Real Estate Market .


Ginny Lacey Gorman is your go to Narragansett real estate agent for real estate in Narragansett RI and beyond…knowing the geographic area, schools, happenings, important tidbits of information and businesses well.  She lived in Narragansett for many years and loves the locale.  

Waterfront, oceanfront, luxury and coastal RI real estate are her specialty but all of RI is her backyard.    When you are in need of a good professional for your buying and selling needs and an internet savvy marketer and agent who sells RI houses in this real estate market – call Ginny at 401.529.7849.