Vermont experienced a boost in both total transactions, up 14.8 percent, and median price, up 7.7 percent, year-over-year, though inventory is down. Overall, New England’s summer housing market kicked off in high gear according to the RE/MAX of New England June Housing Report.
The RE/MAX Report shows a very solid month for home sales across the region with marked increases month-over-month and year-over-year. Every state in New England experienced double digit sales growth year-over-year with Rhode Island once again experiencing the largest increase in the region at 32.2 percent. Connecticut and New Hampshire also experienced double-digit growth in median price, month-over-month and year-over-year. Overall, median prices are on the rise with a 7.1 percent increase over last June.
‘Inventory will continue to be a key housing recovery indicator,’said Dan Breault, EVP/Regional Director of RE/MAX of New England. ‘New England inventory is up in every state except Rhode Island and Vermont, but as prices continue to rise, more sellers will come off the sidelines.’
Vermont home sales, prices up in June
Submitted by tim
on