According to the Rhode Island Association of Realtors, the median price of a single family home dropped two percent in the second quarter of 2011, when compared to the same period last year. Sales were down more than 20 percent year-over-year.
In East Providence, the news was mixed.
Sales of single-family homes were down nearly 41 percent, more than twice the state average, while prices dropped 7 percent from $188,500 to $175,000. Days on the market held steady at 81 days.
The condominium market, which had just 5 sales, fared better. Despite a 37 percent drop in sales, the median price rose more than 4 percent from $137,000 to $143,000. The number of days on the market rose slightly from 112 to 115.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
If you have a gay real estate story that you’d like to share with us, contact us at [email protected]