The South Coast Real Estate Round-Up

Rhode Island Housing Market Continues to Improve

May 11th, 2015 9:59 AM by Christopher Terry

Rhode Island real estate market continues to improve even after the near record breaking winter. Single family home sales rose 5% and median prices rose 4% while foreclosures dropped 16% as the market strengthened. 

The multi-family market is also seeing year over years increase. Units sold rose 18% and median prices rose 10%. The lager continues to be condominium sales. Units sold dropped 6% and the median price dropped to $190,000 from $195,000. Stricter mortgage regulations are making it more difficult to close on financed condominium sales.

To see the full article and sales statistics for your town visit: www.riliving.com/pressrelease

Posted by Christopher Terry on May 11th, 2015 9:59 AM

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