Rhode Island Realtors report market held steady in March
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%.