October 2014 New England Housing Report
Natick, MA - November 17, 2014
- The New England housing market experienced a year-over-year sales increase of 6.5% and a month-over-month sales increase of 3.5%.
Pending sales showed an uptick of 9.3% over October 2013, with month-over-month figures representing an incredible 65.7% increase over September 2014*.
Across New England, every state in the region showed solid year-over-year sales increases with the state of Maine in the lead, up 25.4% over 2013 numbers.
"We're excited to see an increase in sales across the region this month," said Dan Breault, EVP/Regional Director of RE/MAX of New England. "Traditionally, this time of year represents a slow-down in the housing market, but with pending sales up almost 70% and pricing holding steady, New Englanders are starting to feel the effects of a more stable economy."
To read the entire report, click here.
*Please note we do not have pending sales figures for the state of Maine reflected in this report.
About RE/MAX of New England and RE/MAX Integra
Since its inception in 1985, RE/MAX of New England has grown to over 200 offices and 2,700 sales associates throughout Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont, providing franchised residential and commercial real estate services to its franchisees and their real estate professionals.
RE/MAX of New England is owned by RE/MAX Integra, a privately-held company headquartered in Toronto, Canada. RE/MAX Integra is the largest sub-franchisor of RE/MAX, LLC worldwide, and represents 28,000 agents and approximately 30 percent of RE/MAX, LLC.
For more information about RE/MAX of New England or RE/MAX Integra, visit the RE/MAX of New England blog at www.remaxne.com and follow us on Twitter at @REMAXNE. RE/MAX is proud to help raise millions of dollars and support local charitable organizations including Susan G. Komen for the Cure and Children's Miracle Network Hospitals.