Rhode Island, one of the Northeast states battered by an influx of foreclosures, posted 2,124 single-family home sales in the second quarter, up 17.54% from last year when only 1,807 homes sold in 2Q.
The Rhode Island Association of Realtors posted those statistics Monday.
The latest numbers suggest a turnaround in a state that once weathered through a dramatic uptick in foreclosures and distressed properties.
Homes in Rhode Island are selling for less with the median, single-family home price dropping from $205,000 last year to $192,000 in the most recent quarter.
Single-family properties in the state are spending 97 days on the market on average.
