Jump to content

Real Estate Prices


MapmanNo1

Recommended Posts

This is probably more of a statewide topic, but today's Daily News article focused on Newport County.

Local Housing Market Stands Apart

JAMESTOWN - Think the real estate market in Newport County is soft?

Think again, says Newport County Board of Realtors President Jennifer O'Hora Lawrence.

Lawrence said the mainstream media tends to lump a niche market such as Newport County in with the rest of the country, when in reality the local market is much stronger than the general public is led to believe.

The median sales price for single-family homes in Newport County, for example, rose in Little Compton, Portsmouth and Tiverton in 2006, while they were off slightly in Jamestown, Middletown and Newport compared to 2005 figures. Statewide, the 2006 median price was down by a little more than one-tenth of 1 percent.

"We couldn't sustain the intense pace we had in the last few years, but it opens it up to both buyers and sellers," Lawrence said. "But what's happening in Las Vegas and Florida isn't happening here."

Link to post
Share on other sites

  • Replies 0
  • Created
  • Last Reply

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.