Winter Snowfall and Frigid Temperatures Significantly Impact New England Housing Market

pretty-houseShrewsbury Massachusetts – March 17, 2014 – The RE/MAX of New England February Monthly Housing Report shows a drop in year-over-year home sales in every state across the region except Vermont. On average, median prices throughout New England were up 1.3% and pending sales rose to 28.3%.

“This is an expected trend in the height of winter months,” commented Dan Breault, EVP/Regional Director of RE/MAX of New England. “The good news is that month-over-month pending sales are up 26.4% This is an encouraging sign and I anticipate March and April to be even stronger months as we turn the corner from winter to spring.”

To read the entire report*, click below