Vermont home sales surge as prices slip

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Vermont home sales surge as prices slip

Wed, 06/20/2012 - 8:11am -- tim

The RE/MAX of New England May Monthly Housing Report shows strong home sales in virtually every New England state. Vermont experienced the second largest gain in home sales in New England, up 28.1 percent. Although the median sales price slipped -3.1 percent in Vermont, pending home sales increased more than 34 percent.

Year-over-year, Connecticut, Maine, and Massachusetts each posted important growth in median sales price, while every state but Rhode Island surged ahead in year-over-year home sales.
â This is evidence the New England housing market is strengthening,’said Dan Breault, Executive Vice President, RE/MAX of New England. â For almost every state in our region, we are seeing properties on the market for fewer days month-over-month and year-over-year. With exceptionally low interest rates and fair prices, first-time buyers, flippers and investors stand to gain the most from purchasing a property.â