Narragansett RI 02882 Real Estate Market Statistics – October 2010
The Narragansett RI 02882 Real Estate Market Statistics for October 2010 are as follows:
13 Narragansett RI homes sold in this dollar range:
4 homes sold for over $1 million
6 homes sold for over $400,000
1 homes sold for between $300,000-$400,000
2 homes sold for less than $300,000
Approximately 187 homes are on the market during the month of October 2010 in Narragansett RI which was a 9% drop(19 fewer homes) in the number of homes sold over the prior month of September 2010. The home inventory level is decreasing for the second month in Narragansett which means buyers have fewer homes to choose from and buyers need to not sit on the sidelines if they want their desired home now in this community.
Besides that mortgage rates continue to be at unprecedented low rates for buyers. The number of homes sold in Narragansett increased negligibly by 1 home sold over the prior month of September. There seems to be no lull in the real estate market with the state and federal elections happening.
Pending sales of Narragansett RI 02882 homes increased by 46% over September 2010 which is up by 11 homes. There is more activity in the real estate market in Narragansett right now and the increase in pending sale home numbers indicates a better outlook for buying homes in southern RI. This is the second month in a row that pending closings on home has shown a good increase. Don’t miss the opportunity to buy an investment or vacation home while the interest rates are low…it’s better than earning less than 1% in the bank. Those are the Narragansett RI 02882 Real Estate Market Statistics- October 2010.
Ginny Lacey Gorman has lived in Narragansett RI and knows the geographic area, schools, happenings, important tidbits of information and businesses well. If you are looking for someone to guide you through the home buying or selling process, she is a licensed agent and would be happy to assist you. So feel free to search for Narragansett RI homes for sale it is free and no hassle. When you are in need of more information from an internet savvy Real Estate Agent who sells RI houses in this real estate market, just call Ginny at 401.529.7849.
Ginny L. Gorman a purveyor of Fine RI Real Estate
This blog and its contents is original to Ginny Lacey Gorman ©
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Ginny L. Gorman, Real Estate Agent – Phillips Post Road Realty North Kingstown, RI