Turn to 10: Rhode Island home sales booming
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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