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Good news, bad news in RI home sales

Sales are up as prices drop

Updated: Monday, 05 Nov 2012, 8:39 PM EST
Published : Monday, 05 Nov 2012, 8:39 PM EST

PROVIDENCE, R.I. (WPRI) - Rhode Island's latest home sales report is out, and it's another mix of good news, bad news.

Single family home sales were up nearly 15% in the third quarter from the previous year.

Meanwhile, home prices slipped around 3%.

The average home sale price was just over $197,000.

That's down from about $203,000.

Multi-family home sales were also up by 6%, but again, the median price was down 4%.