Re/Max of New England Integra March 2015 Housing Forecast

The advent of spring inspired an uptick in home sales throughout New England. Month-over-month, home sales reflected the spring market with an increase of 29% over February’s numbers. Year-over-year, home sales increased by 1% in the region with 10,311 recordedsales.

Across New England, median prices were on the incline. Almost every state in the region revealed modest price appreciation over March 2014’s figures. On average, home prices rose 3.7% year-over-year. Most notably, this is the second consecutive month New Hampshire experienced a 10.3% increase over 2014’s numbers. Pending sales across New England were up 9.2% year-over-year and 43.1% over February 2015’s numbers.

“This past winter was a challenge for the region’s housing market. However, we can expect to see stronger numbers each month as we get into the traditionally busy housing market season. It is encouraging that pending sales are climbing across New England.” Dan Breault, EVP/Regional Director of RE/MAX INTEGRA, New England.