Home sales in Vermont were down slightly in November, but prices were up, reflecting a pattern consitent across New England. For the region, year-over-year sales decreased by -8.0 percent, according to The RE/MAX of New England November Monthly Housing Report. Pending sales were up 5.8 percent over November 2013, while month-over-month figures declined -20.4 percent over October 2014.Across the region, homes are staying on the market an average of nearly three-weeks less than this time last year and pricing continues to hold steady.
“We expect to see home sales trailing off in the fourth quarter as we get into these cold wintermonths,” said Dan Breault, EVP/Regional Director of RE/MAX of New England. “The good news isthat prices are holding steady across the region and homes are staying on the market fewer daysthan a year ago.”
· Vermont showed a slight decrease in transactions, down -0.2%, while median price increased 5.1% year-over-year. Pending sales were up 8.7% year-over-year.
· In Connecticut, the number of total transactions is down -12.7% year-over-year and median price is up 5.3. Pending sales were up 5.4% year-over-year.
· Massachusetts showed a decrease of -6.8% in total transactions year-over-year. The median price increased 4.5%. Pending sales were up 2.4% over November of 2013.
· Maine showed a decrease of -9.3% in total transactions year-over-year. The median price decreased -1.0%. Pending sales were up 10.6%.
· In New Hampshire, home transactions decreased -4.0% year-over-year, and median price increased 6.2%. Pending sales were down -1.9% year-over-year.
· Rhode Island home transactions decreased -5.5% year-over-year, while median price increased 3.2%. Pending sales were up a whopping 30.3% year-over-year, the highest in New England.
Source: REMAX 12.18.2014