The Narrragansett RI 02882 Real Estate Market Statistics for the month of November 2010 for sold homes are as follows:
22 Narragansett RI homes sold, as follows:
1 home sold for $6.4 million
11 homes sold for over $400,000
4 homes sold for between $300,000-$400,000
6 homes sold for less than $300,000
Overall there were about 174 homes on the market during November 2010 in Narragansett RI which was a
7 % decrease in the number of homes on the market over the month of October 2010. The inventory level is still robust which means buyers have homes to choose from and be selective about. However, choices of homes in certain price ranges has diminished as the inventory level continues to decrease. Yet mortgage rates continue to remain at low rates for buyers with rates around 4.5 % which makes this a great time to buy a home.
The number of homes sold in Narragansett in November 2010 increased by 9 homes to 22. Home sales continue to increase and along with pending sales which remains constant the real estate market has started to come back to better sales levels. Certainly the waterfront homes in Narragansett for sale are showing strong interest from buyers. The highest price home sold this month in Narragansett RI at $6.4 million.
Pending sales in Narragansett RI remained about the same with 10 in agreement in November 2010 which is down by one pending over the prior month. So not only were pending homes sales up but so were sold home sales up. Waterfront homes for sale in Narragansett continue to go into sales agreement. So the local market remains on the upstream. These are the Narragansett RI Real Estate Market Statistics for November 2010.
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Ginny Lacey Gorman lived in Narragansett RI for many years 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 Realtor® and would be happy to assist you. Waterfront, oceanfront and coastal RI homes for sale in Narragansett are her specialty. So feel free to search for RI homes for sale it is free and no hassle. When you are in need of more information from an internet savvy Realtor® who sells RI houses in this real estate market, just call Ginny at 401.529.7849.
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