Narragansett Homes Sale Update March 2013

Narragansett Homes Sale Update March 2013


The Narragansett home sale market for March 2013 has continued its upward real estate  run.  As this is one of the best beach RI town to reside in, the home inventory presents great home choices.   Let us take a look at what the Narragansett RI real estate market is doing this month in home sales and contracts…


Narragansett Homes Sale Update in RI real estate

The following is the March 2013 monthly Narragansett real estate home information:

  • Properties active and on the market: 134
  • Single-family properties closed in March 2013: 18
  • Average sales price: $ 363,594
  • Median sales  price: $ 337,000
  • Sales price to list price ratio: 92%
  • Average days on the market:87
  • Sales currently pending: 10
  • Narragansett homes sale absorption rate has decreased to nearly a balanced home market with 7 months worth of inventory.

  • Breakdown of the 18 Narragansett RI home sales in March is as follows: 5 homes sold under $300,000, 5 homes sold between $300,000-$400,000 and 8 homes sold over $400,000.  In March, the over $400,000 home was the one that generated the most buyers interest.  

Narragansett Homes Sale Update March 2013

Home sales are up by 126% over the prior year, home inventory was up 14% and homes in contract were down by 60%.  Up and down stats still indicate a stronger home market in Narragansett with spring here.  Sales are up by 20% March 2013  over March 2012!

The Narragansett  home sales market has been a stronger selling market in the past year.  It is expected to remain strong in 2013 also.


Looking to buy a Narragansett home for sale?  You have come to the right place!  Let me help me guide you here.


The Narragansett homes sales remains hot.  This community is a waterfront Washington county community that is known for its beaches, oceanfront Narragansett Pier,  fabulous seafood restaurants and schools.  This is all a great draw when put together for any Narragansett home buyer.

Looking for a waterfront RI Real Estate Agent that not only knows her Narragansett RI real estate homes for sale but markets her clients homes 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  Let’s discuss your home needs now.  Let my on line real estate sales program work for you!  Narragansett Homes Sale Update March 2013.


Ginny Lacey Gorman is your go to Rhode Island waterfront real estate agent for real estate in Narragansett RI and beyond…knowing the geographic area, schools, happenings and important tidbits of local information.  Email her at to make an appointment to find the home of your dreams too!