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Home sales heat up in May

Modified: Friday, Jun 6th, 2014

NEWPORT Residential property transactions rebounded in May as sellers found more buyers ready, willing and able to close deals in Lincoln County.

Sales of homes, including site built, condominiums and manufactured, jumped to $17.81 million in May from $16.78 million in May 2013. At the same time, the number of completed transactions climbed to 76 from 65 with an average sales price of $234,418.

Broker Bonnie Saxton of Advantage Real Estate in Newport compiled the data from the Lincoln County Board of Realtors Multiple Listing Service. Property categories are defined by the listing service.

For the complete article see the 06-06-2014 issue.

Click here to purchase an electronic version of the 06-06-2014 paper.

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