Real Estate in Newport RI, much like the rest of the country, had a great year. But how did Newport fare alongside the rest of the nation? Here’s where we stand on 2013.
Nationally and in Rhode Island:
The Case/Shiller National Index, an index of national home prices, experienced a 10.06% increase year over year through September 2013. That’s the largest 12-month gain since March of 2006! Rhode Island median home prices appreciated 10.48% with an 18.9% increase in volume! The increase in volume is a strong sign of a strengthening market.
Single Families – Newport, RI
Newport’s median price appreciation lagged behind the national and state average with a price increase of only 2.1%. That said, Newport dwarfed the rest of the state…
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