November Housing Numbers Show HUGE 11.4% Price Jump!

Stephen Perrino
Published on January 7, 2017

November Housing Numbers Show HUGE 11.4% Price Jump!

The numbers have been released for the November 2016 Rhode Island housing market and we have seen massive year over year growth. Median home sale prices for single family homes are up 11.4% to $245,000 from $220,000 in 2015. Total overall single family home sales were up 18.8% to 898 sales, up from 756 homes sold in November 2015.

Not all of the information was sunny, as bank owned and short-sale transactions were up 12.4% over the same period for 2015, which suggests that there are still a good number of home owners that might still be in a position to lose their homes going forward as prices are still not on par with the pre-crash levels.

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