The Newport County real estate market is beginning to settle into its familiar late-fall rhythm, but there is still plenty happening behind the scenes. According to data from the statewide Multiple Listing Service (MLS), 75 single-family homes, condominiums and multi-family properties sold across Newport County in October, with a median listing price of $849,000 and a median sale price of $840,000.
That’s a relatively narrow difference between asking and selling prices, although it doesn’t tell the entire story. Some properties are still attracting strong interest and competitive offers, while others are requiring more time, price adjustments and patience to find the right buyer. The average days on market for homes in our area is hovering close to 2 months.
During the first week of November, just five sales were reported across Newport County as of 5 p.m. on Sunday, November 8…