Vermont Business Magazine According to The RE/MAX INTEGRA, New England September Monthly Housing Report, year-over-year sales in Vermont increased by 9.8 percent. Pending sales were up 10 percentover September 2014. But home prices were down nearly 1 percent to $195,000, which was the only decline in New England. Despite the brisk number of sales, Vermont ranked lowest in New England.Overall, the residential market in the regionremained strong through September 2015, withsales up 15 percent and pending sales up 14 percent over September 2014. New Hampshire led thisgrowth with an impressive 20 percent increase in sales year-over-year, while average days onmarket in the state decreased by 12.5 percent. Vermont had the highest DOM at 165. Rhode Island was lowest at 65 DOM.
Month-over-month in New England, the market followed traditional seasonal trends with a 10.7 percent decrease in sales and slight decrease in median price.
"We’ve seen steady improvement over the 2014 market since May of this year,” saidDan Breault, EVP/Regional Director of RE/MAX INTEGRA, New England. “While we’reseeing the market slow down, as it typically does after the busy summer season, it’sencouraging to see continued year-over-year growth as we move into the fall.”
· Vermonthome transactions were up 9.8% year-over-year, while median price decreased 0.8% year-over-year. Pending sales were up 10.0% year-over-year.
· InConnecticut, the number of total transactions were up 15.6% year-over-year while median price increased 1.1%. Pending sales were up 20.0% year-over-year, the second highest in New England behind RI.
· Maineshowed an increase of 14.1% in total transactions year-over-year. The median price increased 6.7% and pending sales were up 15.3%.
· Massachusettsshowed an increase of 15.1% in total transactions year-over-year. The median price was up 4.4%. Pending sales were up 10.9% over September 2014.
· In New Hampshire, home transactions increased 20.7% year-over-year, once again the highest in New England, and median price increased 7.0%. Pending sales were up 1.7% year-over-year.
· Rhode Islandhome transactions increased 10.8% year-over-year, while median price increased 9.5%. Pending sales were up 21.7% year-over-year, once again the highest in New England.
DEFINITIONS
Transactions are the total number of closed residential (Single Family and Condo)
transactions during the given month.
Median Sales Price is the median price of all specified properties sold during the
specified time period.
MLS data is provided by contracted data aggregators, RE/MAX brokerages
and regional offices. While MLS data is believed to be accurate, it cannot be
guaranteed. MLS data is constantly being updated, making any analysis a
snapshot at a particular time. All raw data remains the intellectual property of
each local MLS organization.
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