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Vermont February home sales down from January, up from last year


first_imgThe February 2011 RE/MAX Housing Report indicates that New Hampshire was the only New England state to show an increase in month-over-month increase in sales, while Vermont was the only state to show year-over-year increase in sales for the month. RE/MAX stated that tighter credit standards and unfavorable weather conditions resulted in a decrease in home sales for the region in February. Overall sales declined -13.8 percent month-over-month in New England, led by Massachusetts, while prices declined overall by -2.6 percent.New Hampshire was the only state to see an uptick in sales month-over-month, and Rhode Island was the only state to experience an increase in median price during the same period.In Vermont, however, there were 243 homes sold in February 2011, a 12.5 percent increase from the 216 homes sold the same time last year. RE/MAX of New England predicts that with expected inventory increases, Vermont should experience a positive spring market. Source: RE/MAX of New England. 3.16.2011last_img

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