R.I.’s monthly median home price rises to $550K in June

THE MEDIAN sale price of single-family homes in Rhode Island was $550,000 in June, 5.8% higher than a year ago, the Rhode Island Association of Realtors says. / AP FILE PHOTO/ROGELIO V. SOLIS
THE MEDIAN sale price of single-family homes in Rhode Island was $550,000 in June, 5.8% higher than a year ago, the Rhode Island Association of Realtors says. / AP FILE PHOTO/ROGELIO V. SOLIS

WARWICK – The median sale price of single-family homes in Rhode Island was $550,000 in June, 5.8% higher than a year ago, according to the Rhode Island Association of Realtors. Sales increased 14% year over year in June to 879, while pending contracts dropped 6.3% during the same time frame.  “Amidst increased inflation and mortgage rates, Rhode Island home

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