Rhode IslandWe have an office in Newport and in Wickford. Newport county transaction volume is down 21% from last year and 07 was off by only 3% but 06 to 07 was down 21%. So volume is nearly off by 50% from the highs. Median values in Newport county are down by approximately 25% since the highs. Currently over 20 month supply of property, mostly due to lack of demand. South County RI isn't nearly as bad but still has an oversupply and lack of demand. Metropolitan Providence is an absolute mess, but significant opportunities abound! Local market data on all towns in RI, CT and MA can be found on www.raveis.com.
Real Estate Professionals where are you from?
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