real estate

State home prices fall 4.3% in March

COURTESY CORELOGIC
SINGLE-FAMILY home prices in Rhode Island fell 4.3 percent in March compared with the same period in 2011. For a larger version of this map, click HERE.
Posted 5/8/12

SANTA ANA, Calif. – Single-family home prices in Rhode Island fell 4.3 percent in March compared with the same period in 2011, CoreLogic said Tuesday.

Excluding distressed sales, Rhode Island prices declined 2.9 percent year over year in March, as measured by the real estate tracking firm’s Home Price Index.

Nationally, Rhode Island had the fifth largest depreciation excluding distressed sales during the 12-month period.

The Ocean State fared better than Delaware, Alabama, Nevada and Vermont, where prices fell 7.6 percent, 4.1 percent, 3.9 percent and 3.9 percent, respectively.

Massachusetts home prices fell 1.6 percent year over year in March. Excluding distressed sales, Bay State home prices rose 2 percent year over year in March.

Nationally, home prices declined 0.6 percent in March compared to the same period in 2011. Year-over-year prices, excluding distressed sales, rose 0.9 percent in March compared to the same period last year.

On a month-over-month basis, home prices across the U.S. increased by 0.6 percent in March 2012 compared to February. This marked the first month-over-month increase since July 2011.

“This spring the housing market is responding to an improving balance between real estate supply and demand which is causing stabilization in house prices,” said Mark Fleming, chief economist for CoreLogic, in prepared remarks.

For the full report, click HERE.

Calendar
PBN Hosted
Events

Applications are now being accepted for the 14th Annual Business Excellence Awards Program. Deadline to apply is October 1st. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
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.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement