Despite Upturns Elsewhere, Multi-Family Home Sales Dip

While sales rose in the Rhode Island single-family and condo markets during the first quarter of 2010, multi-family home sales dropped. Sales were down approximately 26% compared to the first quarter of 2009. 

 

However, figures from the first quarter of 2010 show the median price of multi-family homes rose to 34%. The median price for 2010 is $107,150 compared to $80,000 in the first quarter of 2009. 

 

Current data from RILiving.com indicates that there is a seven-month supply of multi-family properties available for sale.