Supply and demand will affect your purchase or sale.
The top line on this chart shows Newport listing inventory for the last two years. The bottom line shows home sales during the same period. The take-away? It's a strong buyer's market with more supply than demand. While demand remains constant, supply fluctuates. The period from February - May offers the most favorable ratio of listings to sales making this a good time to have your Newport home on the market. To see this chart for other Coastal RI towns, click here.