The recently released RE/MAX of New England September Monthly Housing Report shows an uptick of 17.7 percent in home sales year-over-year, and a seasonal decrease of 23.2 percent month-over-month across the region. Pending home sales are up on average 31.2 percent over September 2012. Every state reported on in New England, except for Rhode Island, experienced an increase in available inventory over August’s numbers.
In Connecticut, the number of total transactions is up 14.3 percent year-over-year, while the median price is up 6.6 percent. Connecticut led all of New England in pending sales – up a staggering 37.2 percent year-over-year.
Massachusetts experienced an uptick of 19.4 percent in total transactions year-over-year (second highest in the region behind Vermont). The median price increased 11.0 percent. Pending sales were up 37.1 percent over September of 2012.
In New Hampshire, home transactions increased 15.9 percent year-over-year, while the median price jumped 13.2 percent – the second largest price increase in New England behind Rhode Island. Pending sales were up 16.1 percent.
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