By News Staff
news@abc6.com
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WARWICK, R.I. (AP) - The median price for a single-family home in Rhode Island fell more than 6 percent in the three months that ended June 30, but sales rose 18 percent compared with the same period a year ago.
The Rhode Island Association of Realtors released sales numbers on Tuesday.
It says the median price of a single-family home fell to $192,000, down from $205,000 last year.
The median condo price fell less than two percent to $170,000, while the number of sales increased 11 percent.
Jamie Moore, president of the group, says the market for distressed properties, which includes foreclosures and short sales, appears to be moving in the right direction. The number of distressed sales fell half a percentage point to 27 percent during the quarter compared with a year ago.
