.

RE/MAX of New England February Monthly Housing Report

Market Overview

Across the region, winter snowfall and frigid temperatures significantly impacted the housing market. The RE/MAX of New England February Monthly Housing Report shows a drop in sales, year-over-year, in every state in New England except Vermont. On average, median prices throughout New England were up 1.3% in 2014 and pending sales rose to 28.3%. “This is an expected trend in the height of the winter months,” said Dan Breault, EVP/Regional Director of RE/MAX of New England. “The good news is that month-over-month pending sales are up 26.4%. This is an encouraging sign and I anticipate March and April to be even stronger months as we turn the corner from winter to spring.”

 

New England States Overview:

·         In Connecticut, the number of total transactions is down -2.9% year-over-year, while the median price rose 2.1%. Pending sales were up 30.1% year-over-year.

·         Massachusetts showed a decrease of -4.4%  in total transactions year-over-year. The median price increased 5.6. Pending sales were up 40.4% over February of 2013 – again, the highest in the region.

·         In New Hampshire, home transactions decreased -6.5% year-over-year, and median price rose 5.6%. Pending sales were up 6.0% year-over-year.

·         In Rhode Island, home transactions fell -7.9%, while median price dipped slightly at -1.3%. Pending sales were up 2.7% year-over-year.

·         Vermont experienced a boost in total transactions, up 18.2%, while median price decreased -6.4% year-over-year. Pending sales were up 12.9% year-over-year.

·         MLS Data not available for Maine at this time.


Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »