A better price starts with the numbers that matter most.
A smart price has to make sense to the market, not just to the owner. Last month, the median sold price was $862,500 and the median list price was $1,185,000, so I would not treat pricing as a place to leave room and hope for the best.
Last month, the typical sold price was $862,500 and the typical asking price was $1,185,000. That spread tells me pricing still needs to be deliberate in Narragansett, RI, because the market is not rewarding loose thinking. The 1.78 months of inventory also gives useful context. There is enough supply to force a buyer to compare, which makes the starting number and early response especially important for anyone selling. Set the price with discipline. Watch buyer reaction early. Stay flexible if traffic slows.
About Hilary Marshall
Hilary Marshall is a licensed Real Estate Professional affiliated with REMAX, specializing in the Narragansett market. With a focus on strategic marketing and deep local knowledge, Hilary Marshall provides clients with expert guidance in navigating complex real estate transactions. View full profile →
