the republic logo

Rhode Island single-family home sales dip, but prices rise in 2nd quarter

Share/Save/Bookmark

PROVIDENCE, Rhode Island — The number of homes sold in Rhode Island during the three-month period ended in June fell, but the median price of homes sold during the period was up.

The Rhode Island Association of Realtors says on Wednesday that the number of sales dropped 4 percent in the quarter from the same period in 2013, while the median sales price rose to $220,000, an increase of 5 percent.

Robert Martin, president of the group, says sales had been at a frenzied pace for a while, but now the market is getting back to normal.

The group says condominium sales dipped 5 percent and the median sales price fell 6 percent, to around $190,000.

Multifamily home sales also fell, by 3 percent, but the median price rose by 14 percent to $145,000.

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.