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Homes Sales Increase Across New England Despite Artificial Stimulus

September 21, 2011, by RE/MAX Insight

By RE/MAX of New England - Last updated: Wednesday, September 21, 2011

By Jay Hummer, EVP and Regional Director, RE/MAX of New England

August brought both high temperatures and strong transactions in New England. Total transactions increased 2.3% vs. July 2011 for the second straight month, and year-over-year transactions also increased 8.9%. Vermont and Massachusetts were the only states in the region to experience a decrease in transactions; median prices were down only slightly at -2.1% from July 2011. “We’re pleased to see an increase in transactions in August without any artificial stimulus,” said Jay Hummer, Executive Vice President, RE/MAX of New England. “Although the housing recovery will continue to hit bumps along the way, it is slowly returning despite tighter lending because of continued low interest rates.”

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