Chart courtesy of REMAX New England
REMAX reports on October residential housing sales
The residential market in New England remained steady through October 2015, with a modest 3.8 percent increase in sales over October 2014.
Across the region, pending sales were up 12.3 percent while average days on market decreased by nearly 11 percent.
Month-over-month, the market followed traditional seasonal trends with a 6.6 percent decrease in sales and slight decreases in median price and pending sales.
“There was little movement in the October market other than typical season declines in units and inventory,” said Dan Breault, EVP/regional director of RE/MAX Integra, New England. “We’re seeing a strong market even as we move into the slower season.”
Vermont home transactions were up 1.9 percent year-over-year, while median price increased 3.4 percent year-over-year. Pending sales were up 11.7 percent year-over-year.
In New Hampshire, home transactions increased 8.8 percent year-over-year, once again the highest in New England, and median price increased 2.7 percent. Pending sales were down 6.6 percent year-over-year.
Maine showed a decrease of 1.1 percent in total transactions year-over-year. The median price increased 6.5 percent and pending sales were up 14.9 percent, the second highest in New England.
Massachusetts showed an increase of 6.2 percent in total transactions year-over-year. The median price was up 4.0 percent. Pending sales were up 11.6 percent over October 2014.
In Connecticut, the number of total transactions were up 0.8 percent year-over-year while median price increased 3.1 percent. Pending sales were up 13.5 percent year-over-year.
Rhode Island home transactions increased 4.6 percent year-over-year, while median price decreased 0.4 percent. Pending sales were up 28.3 percent year-over-year, once again the highest in New England, according to the report.