Rhode Island news
First increase in 17 months for RI single-family house sales
04:48 PM EDT on Thursday, September 4, 2008
The Warren Group of Boston reports today that Rhode Island's single-family house sales rose 3.6 percent in July from a year earlier, marking the first increase in 17 months.
The Boston research firm's report follows a separate report by The Rhode Island Association of Realtors that showed single-family house sales in July declined 4.9 percent from July of last year. (The Realtors only report sales through real-estate agents while the data does not include sales by owners, which may account for the discrepancy.)
The Warren Group reported 787 single-family houses were sold in July, up from 760 a year earlier. The increase, the report stated, is in contrast to other New England states, where house sales continue to decline. In Massachusetts and Connecticut, for example, sales of single-family houses have declined for 11 straight months.
In Rhode Island, price cuts helped drive up sales. The median price of a single-family house in July fell 15.4 percent -- to $234,000 -- from a year earlier, marking the steepest decline since The Warren Group began tracking the data in 1989.
| Bristol 4th: Learning about America for the nation of Tajiskistan | |
| Covering the General Assembly: The 2009 Session | |
| Cigars are smoking |
More top stories
Last-minute dispute threatens effort to revamp R.I. open records law
R.I.’s small-batch coffee roasters doing well despite recession
Most Viewed Yesterday
Senate commission to study marijuana decriminalization
Family: Man who fled hospital might be in Providence
Police identify victim in Quonset Point accident
Most active surveys
Why do you think Sarah Palin is prematurely stepping down as Alaska's governor?
How is this weather affecting you?
If the election for governor was held today, who would you vote for?
Most e-mailed in the last 24 hours
Reader Reaction









You must be logged in to contribute. Log in | Register Now!
You are logged in as screenname | Log Out
You are logged in, but do not have a "screen" name. Create a Screen Name