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Takeaways:
- Year over year, there were 2,500 more sales in New England this June, an increase of 12.3 percent.
- Pending sales were up 21.6 percent over June 2014, reaching 19,966.
- Month over month, New England saw a 34.4 percent rise in sales volume, a 5.7 percent spike in median price and a 7.1 percent increase in pending sales.
For New England, the summer months represent the peak for annual home sales activity. This year, the volume of recent closings and pending sales indicates the summer will noticeably outperform previous years.
Year over year, there were 2,500 more sales in New England this June, an increase of 12.3 percent, according to Re/Max Integra’s recent June housing report.
Pending sales were up 21.6 percent over June 2014, reaching 19,966.
Month over month, New England saw a 34.4 percent rise in sales volume, a 5.7 percent spike in median price and a 7.1 percent increase in pending sales.
Massachusetts is the biggest contributor to the region, as the state accounted for 42 percent of all June closings (8,545) and 43 percent of all pending sales (8,614). These transaction volumes equate to 10.2 percent and 17.3 percent increases, respectively, when compared to June 2014.
Spanning the last 12 months, the median sales price in the state rose by nearly $8,000 to $360,000.
The second most active market in the region, Connecticut accounted for 5,444 sales in June, a year-over-year increase of 11.7 percent. Pending sales were up 28 percent year over year reaching 5,961. Median price dropped by 0.7 percent during the period, hitting $283,500 last month.
Transaction volume in June reached 2,019 closings in Maine, an 18.8 percent rise from June 2014. Pending sales totaled 2,046 at the end of the month. Median price rose by 2.7 percent to $190,000.
Rhode Island home transactions increased 12.9 percent year over year, hitting 1,328 closings. Pending sales were up 30.3 percent during the period, reaching 1,476. Year-over-year median price rose by nearly $10,000 to $238,250.
Median price in New Hampshire rose year over year by $13,000 to $242,000. During June, the state saw 2,239 closings, representing an increase of 13.3 percent. Pending sales, which totaled 1,317, were up 9.8 percent year over year.
Accounting for the least amount of sales, Vermont saw 760 closings during June — a 20.8 percent year-over-year rise. Pending sales were also up noticeably, reaching 552 at month’s end. Median price has increase by 4.1 percent during the last 12 months.
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