The lively summer housing market is in full swing in New England, with 20,335 recorded sales in June, pending sales up 21.6%, and sales up 12.3% year-over-year.
Month-over-month, heightened consumer confidence and demand led to a 34.4% increase in sales, a 5.7% increase in median sale price and a 7.1% increase in pending sales. Massachusetts led this growth with a 46% increase in sales, while median prices in the state were up 7.5%.
“The New England housing market continues to thrive during the peak summer season,” said Dan Breault, EVP/Regional Director of RE/MAX INTEGRA, New England. “Sales and pending sales have continued to increase each month since March of this year, while homes are moving off the market quicker than the previous month.”
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Rhode Island home transactions increased 12.9% year-over-year, while median price increased 4.2%. Pending sales were up 30.3% year-over-year, once again the highest in New England.
