Providence Local News

 

RI Median Home Price Jumps Nine Percent in March

RI Median Home Price Jumps Nine Percent in March

WARWICK, R.I. (AP) _ New housing data show that home prices continued to rise in Rhode Island last month.
 
The Rhode Island Association of Realtors released a report Friday showing that the median price of a single-family home in the state increased 9 percent to $190,000 in March, compared with the same month last year.
 
Nearly 600 homes were sold last month _ a 2 percent drop from the previous March _ while the number of homes available for sale declined by 16 percent.
 
Association of Realtors President Victoria Doran says the condominium market has seen a robust recovery. The median condo price in the state jumped 38 percent to nearly $178,000 in March compared with the same month last year. Condo sales increased 31 percent last month from the previous year.

 

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