April typically marks the beginning of the active spring season for Rhode Island housing sales. But this year, a series of factors ranging from the expiration of a federal tax credit to lousy weather has combined to depress the market when compared with the same month in 2010.
Figures released Wednesday by the Rhode Island Association of Realtors showed the number of single-family house sales in the state dropped by 26 percent compared with April 2010, from 671 to 492. For the same time frame, the median price of a single-family house dropped by 7.3 percent, from $205,000 to $190,000.
Massachusetts also reported gloomy housing figures for April, with sales down 20 percent over 2010, and median prices down 8.5 percent.
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