Where have all the sales gone? - 02/27/09 05:52 AM
48%. 
102 vs. 49.
Wow.
In January and February in 2008 there were 102 sales in Newport County.  Same time period in 2009 - 49!  Down 48%.  Today is the last day for closings this month and I don't expect we'll see 53 closings, perhaps 15 or so..maybe.
The GOOD news is that the pending index is up, not dramatically, but up.  There are 140 pending sales in Newport County and the index is approaching 3 pendings per day, so we should see an increase in closings for March/April.
 
Keep Hope Alive!
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Arthur Chapman

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William Raveis

Address: 65 Bellevue Avenue, Newport, RI, 02840

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Rhode Island Real Estate. Information and commentary on the real estate market in RI. We have an office on Bellevue Avenue in Newport, RI and another office on Main Street in Wickford, RI. We are planning expansion throughout the state. William Raveis is the 10th largest real estate firm in the nation and the largest family owned real estate firm in New England. From Manhattan to Maine, we are New Englands real estate company. Newport, Middletown, Portsmouth, Tiverton, Little Compton, Jamestown, North Kingstown, South Kingstown, Narragansett, Charlestown, Westerly, East Greenwick, Cranston, Warwick, Providence, Lincoln, Barrington, Warren, Bristol, Scituate, Coventry, West Greenwich, Richmond, Foster, Glocester, Cumberland, East Providence, Westport,


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