July home sales drop 4.2 percent, median rises

Rhode Island home sales fell 4.2 percent in July. Courtesy Rhode Island Association of Realtors.
Rhode Island home sales fell 4.2 percent in July. Courtesy Rhode Island Association of Realtors.
WARWICK — The sale of single-family homes dropped 4.2 percent in July, according to the Rhode Island Association of Realtors, while the median prices rose slightly. The July figures, compared to transactions recorded a year previously, revealed a slowdown that the association said could be attributed to lack of inventory available for purchase. July had…

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