News Briefs
October 30, 2015

Courtesy of RE/MAX New England

Courtesy of RE/MAX New England

In Vermont, home transactions were up 9.8 percent year-over-year, while median price decreased 0.8 percent year-over-year. Pending sales were up 10 percent year-over-year.

RE/MAX real estate data indicates strong market

New England housing report for September released

The residential market in New England remained strong through September 2015, with sales up 15 percent and pending sales up 14 percent over September 2014, according to RE/MAX INTEGRA’s “New England September Monthly Housing Report.” Month-over-month, the market followed traditional seasonal trends with a 10.7 percent decrease in sales and slight decrease in median price.

“We’ve seen steady improvement over the 2014 market since May of this year,” said Dan Breault, EVP/Regional Director of RE/MAX INTEGRA, New England. “While we’re seeing the market slow down, as it typically does after the busy summer season, it’s encouraging to see continued year-over-year growth as we move into the fall.”

New Hampshire led this growth with an impressive 20.7 percent increase in transactions year-over-year and a median price increase of seven percent, while average days on market in the state decreased by 12.5 percent. Pending sales were up 1.7 percent year-over-year.

In Vermont, home transactions were up 9.8 percent year-over-year, while median price decreased 0.8 percent year-over-year. Pending sales were up 10 percent year-over-year.

Maine showed an increase of 14.1 percent in total transactions year-over-year. The median price increased 6.7 percent and pending sales were up 15.3 percent.

Massachusetts showed an increase of 15.1 percent in total transactions year-over-year. The median price was up 4.4 percent. Pending sales were up 10.9 percent over September 2014.

Rhode Island home transactions increased 10.8 percent year-over-year, while median price increased 9.5 percent. Pending sales were up 21.7 percent year-over-year, once again the highest in New England.

In Connecticut, the number of total transactions were up 15.6 percent year-over-year while median price increased 1.1 percent. Pending sales were up 20.0 percent year-over-year, the second highest in New England behind R.I.

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