Realtors: Home prices are rising but sales are down overall

PROVIDENCE, R.I. (AP) — Realtors in Rhode Island advise the median sales designate of properties in the disclose continues to upward thrust but overall sales exercise has lowered.

The Rhode Island Affiliation of Realtors acknowledged this week that the median sales designate elevated four p.c in the closing three months of 2018, to $268,000, in contrast with the fourth quarter of 2017. They advise sales of single-family properties fell 7.3 p.c over the identical length.

Dean deTonnancourt, the association’s president, says there respect been a file-breaking need of sales in 2016 and 2017, so he’s no longer surprised to ogle exercise scaling help— it’s a same earlier sequence to restoring steadiness.

The fourth quarter facts for 2018 mirrors the pattern for the overall year. Residence sales fell 5.6 p.c from 2017 and the median sales designate elevated 5.9 p.c.

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