The RE/MAX of New England July Monthly Housing Report indicates more good news in the number of units sold and median price throughout New England.
Overall the number of units sold is up 19.7% year over year in new England. Month over Month and year over year, the median price continues to increase, with the exception of Rhode Island where pricing is still stabilizing. The number of pending sales is up on average 33.7% over last year, with some states, like CT experiencing more than 40% growth.
"Consumers understand the opportunities in the market and with interest rates still low, also realize that it's less expensive to buy than rent" said Dan Breault, Executive Vice president, RE/MAX of New England. "In the upcoming months, I anticipate even more buyers moving of the sidelines and into the playing field.
Article and graphics courtesy of RE/MAX New England
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