Home sales climb for 12thconsecutive month
Statistics released by theRhode Island Association of REALTORS® today show that sales continued to climbin the Rhode Island housing market in June. With a 17 percent increase fromJune 2011, June marked a full year of increased monthly single family homesales from the prior year. The increase in sales has caused the supply of homeson the market to fall steadily. Median price fell six percent fromJune, 2011, to $202,500 but rose from $195,000 in May. Pending sales, thoseunder contract but not yet closed, continued to rise for the 13th consecutivemonth. All trends point to a market that is regaining stability.
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Sales statistics released today by the Rhode Island Association of REALTORS® (RIAR), show home sales up 16 percent in January from the year prior. Four hundred and fifty-four (454) existing single family homes sold last month, more sales activity than any other January since 2007.