Natick, MA – August 19, 2015 – The residential market in New England flourished in July, with all six New England states experiencing impressive double-digit growth in sales year-over-year. Throughout the region, sales are up 17.8%, pending sales are up 19.9% and average days on market is down 9.7%.
21,108 home sales were recorded in July, accounting for over 22% of this year’s total transactions. The region experienced a modest 2.4% increase in sales over June 2015, and has been climbing each month since February.
“As expected, sales in New England have continued to grow throughout the summer months,” said Dan Breault, EVP/Regional Director of RE/MAX INTEGRA, New England. “The market has continued to favor buyers over the spring and summer seasons with months supply of inventory increasing in each state since January of this year.”
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