BURRILLVILLE – Real-estate prices are up across much of Rhode Island, with the exception of Burrillville, and local Realtors say the proposed Clear River Energy Center power plant is to blame.
According to the Rhode Island Association of Realtors, it’s taking longer to sell homes in the town, and those that are selling are losing value. In June, prices dropped 13 percent compared to a year earlier, while the state average increased 4 percent. Properties also had the highest increase in days on the market, taking 83 percent longer to sell, ecoRI News reported.
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For the quarter ending in June, the median home price in Rhode Island was up 6.6 percent, while Burrillville saw a 7.5 percent drop in price and a 19 percent increase in days on the market. •
