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Home Sales Increase in New England for the Third Consecutive Month
October 20, 2011, by RE/MAX InsightBy RE/MAX of New England - Last updated: Wednesday, October 19th, 2011
By Jay Hummer, EVP and Regional Director, RE/MAX of New England
The RE/MAX of New England September Monthly Housing Report shows a steady increase of 3.5% in home sales across New England over September 2010. This also represents the third straight month of sales increases. Massachusetts was the only state in the region to show a decrease, of -2.1%, in sales. Overall pricing remains slightly down over this time last year, at -2.2%. Massachusetts and Vermont were the only states in the region to show an increase in price of 2.9% and 6.4% respectively, from September 2010.
“We’re pleased to see continued momentum for the third consecutive month,” said Jay Hummer, Executive Vice President, RE/MAX of New England. “The market continues to experience a slow, steady recovery and with inventory down, we hope to see prices start to rise as well.”
