SINGLE-FAMILY home prices in the Providence-New Bedford-Fall River area dropped 4.6 percent in April compared with the same period in 2011, according to CoreLogicâ€™s Home Price Index. For a larger version of this map, click HERE.
PROVIDENCE â€“ Single-family home prices in the Providence-New Bedford-Fall River area dropped 4.6 percent in April compared with the same period in 2011, according to CoreLogicâ€™s Home Price Index.
Separated from Bristol County, Mass., year-over-year home prices in Rhode Island declined 6.2 percent in April, more than all but Delaware, Illinois and Alabama, the Santa Ana, Calif.-based real estate data firm said Tuesday.
Steadily declining prices in the Providence area over the past year have been at least partially attributed to pressure from distressed sales, but the CoreLogic index shows April home prices excluding foreclosures and short sales dropped 4.5 percent compared with last April.
In a separate report released Tuesday, Clear Capital ranked the Providence-New Bedford-Fall River area the eighth worst-performing major housing market in the country in May based on its Home Data Index.
The Truckee, Calif.-based firm said Providence-area home prices declined 8.2 percent in May compared with last May on its index.
PBN is now accepting applications for its newest award program and event for RI & Bristol County to celebrate the Manufacturing Renaissance that is evolving regionally and across the country. The deadline for applications is March 20th.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.