R.I. home sales fall in April due to rising prices, interest rates

PBN Staff

05/19/2022

homesales — THE MEDIAN PRICE of single-family homes sold in Rhode Island continued to climb in April, rising 20.3% year over year, while sales decreased for the third consecutive month amid rising interest rates, the Rhode Island Association of Realtors said Thursday. / PBN FILE PHOTO

WARWICK – The median price of single-family homes sold in Rhode Island continued to climb in April, rising 20.3% year over year, while sales decreased for the third consecutive month amid rising interest rates, the Rhode Island Association of Realtors said Thursday. The median sales price rose to $420,000 as sales decreased by 12.5%, to 748, in…