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: