New Weakness in Price Cuts for Newport East Real Estate Market

Over the past 30 days, there have been fewer price cuts in the Newport East market, continuing a six-week declining trend to land at 13. However, home sales were up to 27 over the same period. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. As the number of sellers reducing prices trended down, prices also took a turn lower, with the median sales price falling to a three-month low at $310,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that Newport East is a seller's market.

If price is the most important factor in your decision, these are some inexpensive homes being listed in Newport East:

$185K   $217K   $223K  

Get started right now by checking out Newport East homes for sale or reviewing Newport East real estate trends.

Demographic facts for Newport East:

  • The median age of all homes in the area is 44 years old.
  • This area usually gets 21.7 inches of snow each year. (U.S. average: 25)
  • The job growth rating in this area is 47. (Scale: 1 = Worst, 100 = Best)
  • The average school expenditure per student is $8,172. ($5,691 = national average)

Data reported through 10/12/2016


Ask a local expert about this area:
Keller Williams Realty East Bay
Snapped 5 homes in this area
Keller Williams Realty
Snapped 1 home in this area
William Raveis Chapman Enstone
Snapped 7 homes in this area

Agents that specialize in this area
1 snap in this area
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