RI Real Estate Market Sees Summer Slowdown
Thursday, August 18, 2011
The Rhode Island real estate market slowed down this summer with a one percent decline in median home prices in July, while the number of units sold dropped by 7.6 percent, according to the July 2011 RE/MAX of New England Monthly Housing Report.
However, year-over-year sales reveal double digit increases in the region. The report shows that, for New England, transactions in July were down 13.6 percent month-over-month, but up 14.5 percent from July 2010.
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