R.I. home sales slow in May, while prices hit record

SINGLE-FAMILY HOME SALES in Rhode Island declined by nearly a third year over year in May. / AP FILE PHOTO/DAVID ZALUBOWSKI
SINGLE-FAMILY HOME SALES in Rhode Island declined by nearly a third year over year in May. / AP FILE PHOTO/DAVID ZALUBOWSKI
PROVIDENCE – The median price of a single-family home in Rhode Island in May increased 3% year over year to $309,500, according to the R.I. Association of Realtors Monday. The median price was an all-time high in Rhode Island, however, the increase was concurrent with a sharp decline in sales. There were 742 single-family home…

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