RE/MAX of New England March Housing Report

Market Overview: 

The RE/MAX of New England March Monthly Housing Report shows an average year-over-year drop of -5.6% in sales across New England. However, pending sales rose 26.5% and median prices were up in every state except Connecticut. Month-over-month, the advent of the spring market inspired an uptick of 31.5% in home sales. “We expect to see stronger numbers each month as we get into the traditionally busy housing-market season,” said Dan Breault, EVP/Regional Director of RE/MAX of New England. “Month-over-month, pending sales are up an average of 64.1%, most notably in Massachusetts and Connecticut which experienced a 78.1% and 64.1% increase respectively. Across the board, median prices are up an average of 4.5%.”

New England States Overview:  

·        In Connecticut, the number of total
transactions is down -4.3% year-over-year and median price decreased -2.2%.
Pending sales were up 30.1% year-over-year.

·        Massachusetts showed a decrease of -6.6%
 in total transactions year-over-year. The median price increased 9.7%.
Pending sales were up 36.3% over March of 2013 – once again, the highest in the

·        In New Hampshire, home transactions
decreased -8.4% year-over-year, and median price rose 5.7%. Pending sales were
up 7.1% year-over-year.

·        Rhode Island home transactions fell
-2.0%, while median price increased 7.9%. Pending sales were up 1.3%

·        Vermont showed a decrease in total
transactions, down -3.5%, while median price stayed level at $195,000
year-over-year. Pending sales were up 16.5% year-over-year.

·        MLS data is currently not available in Maine
at this time. 



Bridget Morrissey April 26, 2014 at 04:21 PM
Thinking of selling your home? Get an idea of what your home is worth at http://rem.ax/1jHkuEt Bridget Morrissey Licensed in Connecticut and Rhode Island Bridget Morrissey is a 2012-13 Woman of FIRE (FINANCE-INSURANCE-REAL ESTATE) Recipient awarded by the Warren Group and The Commercial Record of Boston, MA and presented by Lt Governor Nancy Wyman. If you want to list your home for sale then call, text or email Bridget and ask for her FREE 27 point TOP DOLLAR MARKETING PLAN! RE/MAX Coast and Country Olde Mistick Village 27 Coogan Boulevard Mystic, CT 06355 Cell/Text: (860) 857-5165 Email: bridgetmorrissey@remax.net http://www.bridgetmorrissey.com


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