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Turn to 10: Rhode Island home sales booming

on July 24, 2017 in Exeter, Hopkinton, Narragansett, North Kingstown, Rhode Island, South Kingstown, Westerly by Amy Cola
by CRYSTAL BUI, NBC 10 NEWS

PROVIDENCE, R.I. (WJAR) — Rhode Island's real estate market is showing no signs of slowing down, as parts of the state are seeing a big boost in home sales.

Although many home prices are climbing with more buyers in the market, interest rates are still low, which makes a larger mortgage more affordable.

The Rhode Island Association of Realtors said Monday that sales of single-family homes were up more than 10 percent in June when compared to the same month a year ago, while median prices jumped more than 12 percent year over year.

The median price of $275,000 is the highest it's been since September 2007.

To view the complete article, visit WJAR 10 

Courtesy of WJAR 10 

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