Election cycles tend to lower consumer confidence, according to RE/MAX of New England Executive Vice President & Regional Director Dan Breault, resulting in slower home sales.
In Connecticut, the number of homes sold year-over-year ticked up by 2.0 percent, while the median price dipped -2.9 percent.
In Massachusetts, year-over-year home sales increased 5.7 percent while the median price remained flat at $285,000.
In New Hampshire experienced a 9.6 percent increase in home sales year-over-year and the median price increased 2.7 percent.
Rhode Island once again posted the largest year-over-year increase in New England, with home sales up 17.4 percent.
Year-over-year home sales in Vermont dipped -2.5 percent, but the median price ticked up 0.2 percent.
For more information, visit www.remax.com.
Copyright© 2015 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com