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RE/MAX of New England Releases June Housing Report

Market Overview

The New England housing market experienced an average year-over-year sales increase of 1.6%, 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% 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.”

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