Home sales down in Vermont, but prices increase

first_imgIn Vermont, the number of housing units sold declined by -3 percent, according to RE/MAX of New England, but a median price increase of 3 percent was the largest in New England. According to RE/MAX, the seasonal summer heat has contributed to a month-over-month slowdown in sales across New England. However, year-over-year sales experienced double digit increases in every state in the region.The July 2011 RE/MAX of New England Monthly Housing Report reveals that transactions in July were down -13.6 percent month-over-month, but up 14.5 percent versus July 2010. Prices were down -2.4 percent month-over-month and down -3.0 percent from July of 2010. Every New England state saw a decline in units sold.‘Seasonality can be attributed for the month-over-month sales drop, however, the market is still trending up from the same period last year,’ said RE/MAX of New England Executive Vice President, Jay Hummer. ‘I am hopeful that the fall season, coupled with continued low interest rates, will bring steady growth by the end of the year.’last_img

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