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Single family home prices up again in November
Rhode Island single-family home sales continued to increase at record level in November according to a report released Thursday by the Rhode Island Association of Realtors.
Closing activity rose 26.4 percent from November of 2019 and the median price of those sales increased 11.4 percent to $323,000.
“The features buyers want are changing and that’s fueling demand. Offices or zoom rooms, exercise rooms and open space are very desirable amenities right now. It makes sense for people living in cities and more expensive areas to make a move if they are now able to work remotely in a place that more affordably meets all their needs,” said Leann D’Ettore, president of the Rhode Island Association of Realtors.