Vermont home sales were up in June, while median prices fell slightly as the market in the state and in the region showed a modest increase. In New England, year-over-year home sales increased 1.6 percent according to TheRE/MAX of New England June Monthly Housing Report. This is the first month of recorded increases following five consecutive months of year-over-year declines in 2014. Pending sales were up 33.9 percent over June 2013. Month-over-month, the warmer weather and strengthening economic outlook has helped contribute to an uptick of 21.8 percent in home sales, with pending sales up 18.9 percent. Across the region, homes are staying on the market an average of 10 fewer days, while median price is up 6 percent on average.
· In Connecticut, the number of total transactions is up 4.1 percent year-over-year and median price declined -1.3 percent. Pending sales were up 16.4 percent year-over-year.
· Massachusetts showed a decrease of -0.6 percent in total transactions year-over-year. The median price increased 3.8 percent. Pending sales were up 46.4% over June of 2013 – once again, the highest in the region.
· In New Hampshire, home transactions increased 6.9 percent year-over-year, and median price rose 2.2 percent. Pending sales were up 21.2 percent year-over-year.
· Rhode Island home transactions fell -0.9 percent, while median price decreased -3.0 percent. Pending sales were up 7.2 percent year-over-year.
· Vermont showed an increase in total transactions, up 1.5 percent, while median price decreased -6.7 percent year-over-year. Pending sales were up 2.3 percent year-over-year.
