By AP
Warwick, R.I. – Sales of single-family homes in Rhode Island jumped 11 percent last month when compared to June 2009, while the median price was up 5 percent.
The Rhode Island Association of Realtors reported Thursday that 897 single-family homes were sold last month, compared to 805 in the year-ago period and far above the 667 sales in May.
While sales traditionally jump from May to June, the organization says this year's increase is due in part to the federal homebuyer's tax credit.