RE/MAX INTEGRA, New England Releases November Housing Report

The New England residential market remained steady through November 2015 with a 7.9% increase in sales over November 2014. Across the region, all six states saw an increase in sales while pending sales were up 15.1% and average days on market decreased by seven days.

Month-over-month, the market experienced a seasonal sales decrease of 21.7% and an 18% decrease in pending sales. Prices remained stable with a 0.8% increase over November 2014 and a slight 1.9% decrease over October 2015.

“Interest rates are still at historic lows and the recent hike by the Fed should not have a significant effect on the housing market,” said Dan Breault, RE/MAX INTEGRA, New England EVP/Regional Director. “Prices throughout New England have remained steady and inventory is at a healthy level in all but a few markets, so homebuyers in the market now should not be discouraged. Real estate is still one of the best and safest long-term investments.”