Rhode Island Realtors report market held steady in March

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The Rhode Island Association of Realtors reports that single-family home sales in the state actually rose slightly year-after-year in March, despite the onset of the coronavirus crisis.

The association reported that there were 767 single-family homes sold in March, up 1.3% from March 2019. The median price was $300,000, up 13.2%.

Pending sales declined by a slight 0.4% from March 2019.

The association said that showings, inspections and closings took place throughout March, many of them virtually in accordance with new COVID-19 social-distancing restrictions.

Sales of multifamily homes rose by 5.8% from March 2019 and the median sales price rose 11.3%, the association reported, while pending sales dropped by 4.9%.

Condominium sales were up 16.7% from March 2019 with thhe median sales price up 2.2%, and while pending sales declined by 28.2%.

Tribune Content Agency
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