Real Estate News and Information

about the Rhode Island real estate market and information for homeowners, home buyers, sellers and investors.

REALTOR® Statistics Point To Continued Housing Market Recovery

Warwick, RI, January 28, 2010…December home sales statistics released today by the Rhode Island Association of Realtors (RIAR) indicate a continued recovery in the Rhode Island housing market. The median price of existing single family homes rose for the second consecutive month, up 5.3 percent, from $190,000 in December 2008 to $200,001 last month. The number of sales increased 18.5 percent year over year, the ninth consecutive increase in monthly sales this year. Foreclosures and short sales decreased, accounting for 33.3 of all single family sales in December 2009 compared to 43.3 the year prior. The median price of an existing single family home sold by conventional terms, not under duress, was $230,500.
        For full release and accompanying statistics, click here.

RI Stats Comparision for December 2008 to 2009 - Single Family Houses

RI Stats Comparision for December 2008 to 2009 - Multi Family Houses

RI Stats Comparision for December 2008 to 2009 - Condominiums