Market Report First Quarter - 2015 Executive Summary Spring has officially sprung and the Rhode Island housing market is off to a great start! Across the state the number of homes sold this first quarter increased 10%. Newport and Kent counties also saw an increase in the number of homes sold, while Bristol county had a whopping 70% increase in the number of homes sold in Q1 2015 versus Q1 2014. This greater demand for housing decreased the average days on market in many areas, most notably in Newport (10%), Westerly (10%) and the East Side of Providence (16%). In the luxury market, properties priced $750K and above, the number of available properties on the market decreased 11% and the number of pending sales increased 7%.
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