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RE/MAX Housing Report Finds Growth in New England

Monday, November 17, 2014

 

RE/MAX of New England's October Monthly Housing Report found that yearly real estate sales have increased 6.5% year over year in the region.

RE/MAX claims claims that the nice weather is helping to increase home sales by 3.5% each month, while pending sales are up 65.7% in New England.

Massachusetts home transactions* have risen 1.8% in total year-over-year. While Massachusetts' median pricing has increased by 1.6% - the new median cost for a home in the state is now at $313,000 compared to $308,000 reported last year. 

Massachusetts' pending real estate sales have increased to 6.3% overall from October 2013. 

“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.” 

*Transactions are the total number of closed residential (single family and condo) transactions during the given month. 

For more information please visit RE/MAX New England's site, or contact Alicia Pirraglia at [email protected] 

 

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