R.I. home prices ‘skyrocket’ in April

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THE MEDIAN SALE PRICE of a single-family home in Rhode Island rose 18.1% year over year to an all time high of $349,000. / AP FILE PHOTO/ROGELIO V. SOLIS
PROVIDENCE – Rhode Island home prices continued to “skyrocket” in April, according to the Rhode Island Association of Realtors, with the median single-family home sale price rising 18.1% year over year to an all-time-high of $349,000. The association said Tuesday that an “extremely low inventory” in the state would be depleted in 1.2 months at…

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