Narragansett RI Real Estate for Sale | February 2013
Narragansett RI real estate for sale for February 2013 is provided by Ginny Lacey Gorman of waterfront RI real estate.
The following is the February 2013 monthly Narragansett real estate home information:
- Properties active and on the market: 118
- Single-family properties closed in February 2013: 8
- Average sales price: $ 573,487
- Median sales price: $311,250
- Sales price to list price ratio: 91%
- Average days on the market:190
- Sales currently pending: 16
Narragansett home absorption rate has crept up again to a home buyers market. Narragansett RI Real Estate for Sale has slowed its sale pace this winter.
- Breakdown of the 8 Narragansett RI home sales in February is as follows: 4 homes sold under $300,000, 2 homes sold between $300,000-$400,000, 1 home sold over $400,000 and 1 home over $1 million. In February, the over $400,000 home was the one that generated the most buying interest.
Narragansett RI Real Estate for sale| February 2013
Home sales were down 27% in February, home inventory was up 7% and homes in contract were up 23%. It may be the cold weather that is dampening sales, the Blizzard of 2013, but right now but spring is right around the corner. Sales are down 38 % last month over the prior year too.
The Narragansett RI 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 RI real estate for sale 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.
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 RiByTheBay@gmail.com. Let’s discuss your home needs now. Let my on line real estate sales program work for you! Narragansett RI Real Estate | February 2013.