PROVIDENCE – Rhode Island single-family home sales jumped 23.8 percent in August, making it the best August for sales since 2005, according to The Warren Group, publisher of Banker & Tradesman.
The Warren Group said 929 single-family homes were sold in August compared with 750 in August 2014. Year to date, sales have climbed 15.7 percent, with 5,699 homes sold compared with 4,924 during the first eight months of 2014.
Tim Warren Jr., CEO of The Warren Group, said August’s sales are due to “a strong, long-lasting spring season.”
The median single-family home sales price improved 7.5 percent to $236,500 in August, compared with $220,000 in August 2014. Year to date, prices rose 3.2 percent to $225,000, compared with $218,000 during the prior-year period. •
