Vermont home sales were up, but median prices decreased in September from the same time last year. For New England, year-over-year sales increased by 0.6 percent according to The RE/MAX of New England September Monthly Housing Report. Pending sales were up 37.2 percent over September 2013. Month-over-month, the cooler weather has helped to contribute to a seasonally-expected decline of -15.8 percent in home sales, with pending sales up 11.3 percent. Across the region, homes are staying on the market an average of 4 additional days, while median price is down -5.3 percent on average. Across the region, every state showed year-over-year sales increases except for Massachusetts, which was down -2.9 percent over September 2013 figures.
“We expect to see monthly sales numbers declining as we move into fall,” said Dan Breault, EVP/Regional Director of RE/MAX of New England. “However, pending sales continue to show doubledigit increases month-over-month and year-over-year, and homes are staying on the market fewer days over this time last year. All of this points to a stable housing market.”
· Vermont showed an increase in total transactions, up 2.9%, while median price decreased -3.9% year-over-year. Pending sales were up 27.1% year-over-year.
· In Connecticut, the number of total transactions is up 2.8% year-over-year and median price declined -4.1%. Pending sales were up 41.5% year-over-year.
· Massachusetts showed a decrease of -2.9% in total transactions year-over-year. The median price increased 0.3%. Pending sales were up 50.2% over September of 2013 – once again, the highest in the region.
· Maine showed an increase of 5.7% in total transactions year-over-year. The median price increased 1.3%. Pending sales were up 28.5% over September of 2013.
· In New Hampshire, home transactions increased 1.7% year-over-year, and median price remained unchanged. Pending sales were up 10.5% year-over-year.
· Rhode Island home transactions rose 4.0%, while median price decreased -2.1%. Pending sales were up 13.3% year-over-year.
