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Median R I home sale price jumps 22 5% from a year ago | Providence Business News
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June home sale inventory highest since November
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GoLocalProv | Is the Median Price of a Rhode Island Home Headed for $400,000?
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In June, the average price for a single-family home was $385,000, up 24.6 percent from June 2020, and 5.5 percent higher than the month before. (Shutterstock)
PROVIDENCE, RI Rhode Island s real estate market remained hot over the last month, though there were some gains in the number of houses on the market, the state s Association of Realtors said Wednesday. Low interest rates coupled with the historically low supply of homes available for sale are causing homes to sell more quickly and for more money than ever before, President Leann D Ettore said. There needs to be some relief in sight, particularly for first-time homebuyers who are finding nearly impossible to compete with buyers with top tier credit and cash.
RI home prices hit a new record, but things are hopeful again for buyers
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