R.I.’s median home price rises to $512K in May

THE MEDIAN price of single-family homes sold in Rhode Island continued to climb in May, rising 11.5% from a year earlier to $512,750, the Rhode Island Association of Realtors said Wednesday. / AP FILE PHOTO/ROGELIO V. SOLIS

WARWICK – The median price of single-family homes sold in Rhode Island continued to climb in May, rising 11.5% from a year earlier to $512,750, the Rhode Island Association of Realtors said Wednesday.  Sales in May rose 9% year over year to 702 due to 20% increase in listings, the association says, while pending contracts jumped 3.7%

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