Neighbor News
RE/MAX Releases January Monthly Housing Report
Month-Over-Month Sales Decreased by 34.7% due to Inclement Weather According to the RE/MAX of New England Monthly Housing Report
The New England housing market felt the effects of historical or near-historical levels of snowfall across much of the region in January. Many states accumulated more than 60 inches of snow in a two-week period, forcing potential homebuyers to put their plans on hold. Month-over-month, home sales reflected the inclement weather with a decrease of 34.7%. Year-over-year, home sales declined 3.0%.
Across New England, median prices remained relatively flat with a bright spot in Rhode Island, which experienced a 6.3% increase year-over-year. Month-over-month, prices decreased 5.0% on average. Year-over-year, pending sales were up 9.4% over January 2013, while month-over-month figures declined 2.3% over December 2014.
“Record levels of snow have certainly stalled potential homebuyers’ plans in January,” said Dan Breault, EVP/Regional Director of RE/MAX of New England. “The Boston area broke records with more than 62 inches of snow reported since January 15th. As New Englanders continue to dig out, we are all counting down the days until spring.”
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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 ofces 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.
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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.
Pamela Fink
Regan Communications
