The New England housing market experienced an average year-over-year sales increase of 1.6%, according to The RE/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% over June 2013. Month-over-month, the warmer weather and strengthening economic outlook has helped contribute to an uptick of 21.8% in home sales, with pending sales up 18.9%. “We’re definitely experiencing a pickup in activity throughout New England,” said Dan Breault, EVP/Regional Director of RE/MAX of New England. “Across the region, homes are staying on the market an average of 10 fewer days, while median price is up 6% on average.”
The June sales year over year 2013 to 2014 are up 1.5% with 626 units selling this year state-wide, and 681 units pending sale. However, the median price across the state year over year is down 6.7% from last June.