Single family home sales for the 2nd quarter in Rhode Island are up 10.77% from last year. The median sales price increased 9.09% from $192,500 to $210,000. Average days on market decreased 17.82% from 101 DOM to 83 DOM. Even distressed sales decreased in 2010 from 746 in 2009 to 594 in 2010.
All in all it looks like the housing market in Rhode Island is improving and thats a good thing for all of us!
If you would like more information about the RI housing market please feel free to contact me.
Chet Szafranski
Virtual Homes Inc
401-837-2454
chet.szafranski@virtualhomes.com
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