T
he real estate market in Newport County is experiencing steady activity, with 18 homes sold last week. As we approach winter, the market may slow down for sellers, but it's a great time for buyers to take advantage of reduced competition before the spring rush.

    Home prices in Rhode Island have surged by 50% since 2018, making it challenging for some to enter the market. However, this also means that those who are looking now can still find opportunities before prices potentially rise again. With fewer people expected to enter the market during the colder months, savvy buyers can find good deals by acting sooner rather than waiting.

    Speaker Joe Shekarchi emphasized the importance of increasing inventory to ease the burden of rising home prices. As he stated, "It's incumbent upon everybody here that when there's an opportunity for a housing development in your community, to speak out in favor of it."

    For both buyers and sellers, now is the time to be strategic and consider the long-term potential of their real estate goals. The market may slow, but the right opportunities are still out there for those who are ready.

    Here are some recent sales in Newport County:

    * 35 Battery Lane, Jamestown: $3,175,000

    * 20 Marcello Drive, Middletown: $2,800,000

    * 6 Buena Vista Avenue, Middletown: $4,230,000

    * 36 Green End Avenue, Middletown: $865,000

    * 23 King Road, Middletown: $596,000

    Navigating this competitive landscape requires expertise and insight. Tyler Bernadyn, co-owner of RE/MAX Results, offers deep knowledge of the local market and is committed to providing guidance and support for a successful real estate transaction.

    Born and raised in Rhode Island, Tyler has achieved over $28 million in individual sales in 2024 alone. He is dedicated to making each transaction as smooth, seamless, and enjoyable as possible, offering a full-service, concierge-style approach to real estate.