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GoLocal Prov: RI Housing Prices Hit Record Highs—43% Increase Over Past Decade

Wednesday, January 22, 2020

GoLocalProv Business Team

 The number of Rhode Islanders who can afford to buy a single-family home has decreased over the past decade.

 Meanwhile, the median sales price of a single-family home just hit $285,000 — a 43 percent increase from ten years earlier. The increase far outpaces wage increases that have been on average just above 2% annually.

 At $285,000, the median sales price of single-family homes represented a 5.6 percent increase from the prior year and highest on record to date, according to the Rhode Island Association of Realtors.

To view the complete story, visit GoLocal Prov

Courtesy of GoLocal Prov

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