Home Sales (photo by Bruce Morin)
RI home sales climb in September
Single family home sales rose nearly 28 percent
Updated: Tuesday, 27 Oct 2009, 5:06 PM EDT
Published : Tuesday, 27 Oct 2009, 1:54 PM EDT
EAST PROVIDENCE, R.I. (WPRI) - According to data released by the Rhode Island Association of Realtors on Tuesday, Rhode Island existing single family home sales rose 27.9 percent in September.
The number of days a single family home stayed on the market dropped to 87 from a high of 109 earlier this year.
Sales activity appears to be spurred by the $8,000 tax credit from the federal government available to eligible buyers.
The number of single family homes available for sale has dropped steadily since June, falling more than 20 percent from September 2008 to September 2009.
There is currently a 6.8 month supply of single family homes for sale.
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