Rhode Island Association of REALTORS Announces
Ninth Consecutive Month of Sales Growth in RI Home Sales
Warwick, RI, April 25, 2012...The number of single family resale homes sold last month rose 25 percent from March 2011. Pending sales - those under contract but not yet closed - also rose by 19 percent from a year ago. Single family home sales have increased year over year since last July and pending sales have been on the increase since June.
Single family distressed sales, comprised of short sales and foreclosures, also began climbing in July and accounted for 34 percent of all sales in March. The number of distressed sales climbed by 16 percent from March 2011, rising from 178 sales last March to 206 single family short sales and foreclosures last month. Such sales help to explain a six percent decrease in single family median sales price, from $186,250 last year to $175,000 last month.
Read full report and view accompanying sales statistics on www.riliving.com/pressreleases.
If you have any questions on the sale or purchase of your home in Rhose Island or Massachusetts, Please give The Kelly & Colombo Group a call at 508-520-9669
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