Home sales in Rhode Island fall as median price rises

The number of single-family homes sold during the third quarter declined 6.7% from the same three-month period a year ago, while the median sales price rose 3.8%, according to numbers made public Wednesday by the Rhode Island Association of Realtors.

The median price for houses sold in July, August and September of 2018 was $275,000, a $10,000 increase from the third quarter of 2017.

Providence, R.I.
Buildings along Thomas Street, in Providence, Rhode Island.

Statewide, 3,062 houses were sold in the three-month period this year, compared with 3,281 the same time last year.

The highest median prices by community were $1,095,000, in New Shoreham; $646,000, on the East Side of Providence; and $645,000, in Jamestown.

The lowest were $185,500, in Central Falls; $200,000, in Providence, except for the East Side; and $205,000, in Woonsocket. All three of those communities posted double-digit-percentage increases from a year ago.

For multi-unit houses statewide, the median sales price rose 13.7%, to $250,000, as the number of houses sold increased 15.5%, to 558.

Condominium prices fell 4.2%, to $215,000, as the number sold rose 5.3%, to 641.

Tribune Content Agency
Purchase Home prices Housing markets Real estate Rhode Island
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