« Traffic: New S. Main St. ramp to Rte. 195 to close briefly | Today | Bill proposes sales tax on luxury clothing items »

January 8, 2008

R.I. house sales, prices continue to fall

Rhode Island house sales in November fell for the ninth straight month, and prices tumbled farther, too.

The Warren Group, a Boston-based publisher of real estate data, reported that single-family house sales in November sank 18.7 percent from a year earlier, while the statewide median prices fell 8.7 percent, to $235,000.

December data is not available yet, but the Warren Group data through November shows that house sales in the state last year declined more than 10 percent, and the median price fell nearly 5 percent, from $268,000 to $255,000.

“It looks like Rhode Island’s housing market felt the crunch more than its neighbors in 2007,’’ Warren Group’s chief executive, Timothy Warren Jr., said in a statement.

Providence and Bristol County showed the sharpest house price declines during the first 11 months of last year, with the median price down 6 percent and 6.25 percent, respectively. (The Warrren Group data for Bristol County, however, does not include Barrington.)

Extra: Browse recent real-estate transactions in R.I. communities, as reported by The Warren Group.

-- Journal staff writer Lynn Arditi

Posted by Andrea Panciera  at 1:07 PM | Permalink

Comments

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published. Name and email are required; email address will not publish.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)