- Associated Press - Tuesday, October 24, 2017

PROVIDENCE, R.I. (AP) - The number of single-family homes sold in Rhode Island had declined in September compared to last year but the median price was up 13 percent.

The Rhode Island Association of Realtors said Tuesday that sales dipped four percent as home inventory remained low. The median price was just over $261,000, compared to $231,000 in September 2016.

The group’s president, Brenda Marchwicki, says more homes need to come on the market to keep prices affordable, especially for first-time buyers.

The group says pending sales were down 13.5 percent, perhaps hinting at a further slowdown in sales for the rest of the year.

Condominium sales were up more than 18 percent and the median price was up 23 percent.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide