It was a notably quiet week for residential conveyances across Newport County, with just three homes changing hands according to the statewide MLS.
While slower weeks are not uncommon this time of year, the limited number of recorded sales highlights how thin inventory remains across much of the county. Fewer closings do not reflect a lack of interest, but rather a market with very few homes actively moving from contract to closing.
The small number of transactions this week reinforces a broader theme we have seen for months: constrained supply continues to shape market activity across Newport County, particularly in well-located neighborhoods where sellers are choosing to wait rather than test the market mid-winter. Old Acre on Kay Street was the highlight sale of the week, congratulations to Christopher Davis of Hogan Associates and Kim Fleming of Gustave White Sotheby’s for brokering this magnificent home in an off-market transaction for their clients.
As we move deeper into the winter months, activity typically remains measured until new listings begin to emerge in late winter and early spring. For buyers, quieter weeks can offer a chance to move with less competition. For sellers, the data reinforces how limited supply continues to support pricing across Newport County.
If you’re considering a move this year, I’d be happy to consult. Please feel free to contact me directly at 401-241-1851 or TylerB@resultswithremax.com for your real estate related needs.
Here’s a look at What Sold last week in Newport County.
27 Kay Street, Newport. Sale Price: $5,150,000
Victorian. 12 bedrooms | 5 full baths | 3 half baths. 4,775 square feet
Days on Market: Sold off-market
284 Freedom Trail Drive, Portsmouth. Sale Price: $789,000
Cape Cod. 3 bedrooms | 2 bathrooms. 1,730 square feet
Days on Market: 2
23 Gildas Lane, Portsmouth. Sale Price: $675,000
Cape Cod. 3 bedrooms | 2 bathrooms. 2,160 square feet
Days on Market: 29
