The RE/MAX of New England March Monthly Housing Report shows pending home sales are up on average 26.5 percent over March 2013. Inventory in every state except Vermont shows a decrease year-over-year. Overall home sales show an increase of 31.5 percent month-over-month, an expected trend as the busy spring market arrives.
In Connecticut, the number of total transactions is down -4.3 percent year-over-year and median price decreased -2.2 percent. Pending sales were up 30.1 percent year-over-year.
Massachusetts showed a decrease of -6.6 percent in total transactions year-over-year. The median price increased 9.7 percent. Pending sales were up 36.3 percent over March of 2013—once again, the highest in the region.
In New Hampshire, home transactions decreased -8.4 percent year-over-year, and median price rose 5.7 percent. Pending sales were up 7.1 percent year-over-year.
Rhode Island home transactions fell -2.0 percent, while median price increased 7.9 percent. Pending sales were up 1.3 percent year-over-year.
Vermont showed a decrease in total transactions, down -3.5 percent, while median price stayed level at $195,000 year-over-year. Pending sales were up 16.5 percent year-over-year.
MLS data is currently not available in Maine at this time.
For more information, visit www.remax.com.
Copyright© 2016 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