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Pending Home Sales Up 26 Percent

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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.

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