The RE/MAX of New England September Monthly Housing Report shows Vermont experienced a boost in total transactions, up 29.7 percent (highest transaction % in New England), while median price decreased slightly, at -1.9 percent year-over-year. Pending sales were up 20.4 percent year-over-year.
Across New England, there was 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.
‘The New England housing market is reflecting a normal seasonal slowdown,’ said Dan Breault, EVP/Regional Director of RE/MAX of New England. ‘I’m encouraged that home sales are up over last year and pending sales are also up 31.2 percent over this time last year. As mortgage rates tic down, first-time homebuyers will continue to be an active segment of the market.’