Single-family home sales rise in September

PROVIDENCE – Single-family home sales in September outpaced the same period last year, rising nearly 10 percent, the R.I. Association of Realtors reported last week.

A total of 932 single-family homes sold, compared with 849 a year ago.

Providence recorded 47 single-family home sales, an increase of 14.6 percent, with the East Side recording nine sales, a 30 percent decrease.

Newport recorded 26 sales, an 85.7 percent increase, while Cranston had 69 sales, a nearly 7 percent drop. Warwick had 111 sales, a 6.7 percent increase.

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The median price of single-family homes also increased statewide almost 12 percent to $230,000, the association reported.

Sales under contract, but not yet closed, climbed 9 percent from September 2014. The association said that’s an indication sales will remain above last year in the months ahead. •

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