The Rhode Island Association of Realtors says sales of single-family homes in the state jumped 22 percent last month compared with July 2010, but values have fallen, The Associated Press reports.
The group reported Thursday that July was the first month year-over-year sales have increased since June 2010. The number of sales increased to 643 last month from 526 in July of last year, although the new figure was down from 795 in July 2009.
The Association of Realtors also says the median price of single-family homes was $210,000 last month, down 8 percent from July 2010 and the same price as in July 2009.
The group says home sales were expected to increase because of the slow sales activity last year that followed the expected expiration of the federal home buyer tax credit.
