The median sales price for a single-family house in Rhode Island hit an all-time high of $333,164 in August, according to numbers made public Wednesday by the Rhode Island Association of Realtors.

That number barely eclipses the previous high, set a month earlier, of $331,825, but smashes the pre-pandemic high of $300,500 from May of last year, according to the association.

It also represents a 12.9% increase from August of last year.

The 1,156 single-family houses sold in August is a 7.2% from that 1,078 sold in August of last year. That is a stark contrast from a couple of months ago, when the coronavirus depressed market was seeing double-digit declines from the same month a year earlier.

"The activity in the housing market has been remarkable, particularly in light of what we've been going through with the pandemic this year," association president Shannon Buss said in a statement. "We're seeing so much pent-up demand and there doesn't seem to be an end in sight."

She said that houses for which a deal has been reached, but had not yet closed in August were up 25% from a year ago, presaging continued increases in sales.

"That's an indication that demand isn't waning," Buss said. "We desperately need a larger supply of homes for sale to accommodate the number of buyers out there."

The median sales price of multi-unit houses also rose from last year to this year. The price hit $310,000, up 12.7% from August last year's price of $275,000. The number sold, 175, however, was down 10.7% from last year's 196.

The median sales price of condominiums rose more modestly, 6.9%, while the number sold dropped more sharply, 15.9%. The price went from $238,500 to $255,000, while the number sold went from 232 to 195.

The median point is the midpoint of a market, with half the houses selling for more and half for less.