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RE/MAX Reports 1.3% Increase in Pending RI Home Sales for March

Tuesday, April 15, 2014

 

Pending home sales in New England are up 26.5 percent over March 2013, and 1.3 percent in Rhode Island during the time frame, according to the RE/MAX of New England Housing Report for March 2014.

In Rhode Island, home transactions fell -2.0 percent, while median price increased 7.9 percent, while pending sales are up.

Inventory in every state in the region, except Vermont, shows a decrease year-over-year. Overall home sales show an increase of 31.5% month-over-month, an expected trend as the busy spring market arrives.  

 

Source: RE/MAX of NE March 2014 Housing Report

Overview for other New England states

• In Connecticut, the number of total transactions is down -4.3% year-over-year and median price decreased -2.2%. Pending sales were up 30.1% year-over-year.
• Massachusetts showed a decrease of -6.6% in total transactions year-over-year. The median price increased 9.7%. Pending sales were up 36.3% over March of 2013 – once again, the highest in the region.
• In New Hampshire, home transactions decreased -8.4% year-over-year, and median price rose 5.7%. Pending sales were up 7.1% year-over-year.
• Vermont showed a decrease in total transactions, down -3.5%, while median price stayed level at $195,000 year-over-year. Pending sales were up 16.5% year-over-year.
• MLS Data not available for Maine at this time.

 

Related Slideshow: 10 Great RI Houses That Just Came on the Market—April 10, 2014

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