REMAX INTEGRA, New England Releases August 2015 Housing Report

The summer residential market in New England remained strong throughout August, with all six states seeing growth in sales year-over-year. Throughout the region, pending sales were up over 16%, while average days on market decreased by 10%.

Month-over-month, all six states experienced a decrease in units sold and slight decrease in median price. However, sales were up 8.9% in the region and there was a modest increase in median price over August 2014.

“We had an extremely active summer season, given the late start after such a persistent winter season,” said Dan Breault, EVP/Regional Director of RE/MAX INTEGRA, New England. “Current months supply of inventory, along with a dip in units sold, suggests buyers are feeling fatigued following a particularly active period in the market.”