GoLocal Prov: Stay-at-Home Order Drastically Slowed RI Home Sales in May, But Prices Hit Record, Say RI Realtors

Monday, June 15, 2020

GoLocalProv News Team

The Rhode Island Association of Realtors announced Monday that while May saw record housing prices in Rhode Island, sales dropped precipitously due to the coronavirus pandemic.

According to RI Realtors, the median price of single-family homes sold in Rhode Island hit a new record last month.

May's price of $309,500 was the third time in a year that Rhode Island's median sales price topped the $300,000 threshold.

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Courtesy of GoLocal Prov