While year-over-year sales continue to lag, both home sales and prices increased month-over-month in May across New England, led by Rhode Island. With inventory levels down throughout the region vs the same time last year, the market is active with buyers who believe that prices have bottomed and interest rates will soon be on the rise. “Buyers are recognizing the true value of buying real estate,” said RE/MAX Executive Vice President, Jay Hummer. “We’re encouraged to see buyers back in the market taking advantage of low prices and interest rates.”  Read the Report. Listen to the Podcast.

Spring is in full bloom as New England experienced month-over-month growth of +10.9% with each state making a positive contribution The granite state of New Hampshire is the only state that has shown consistent month-over-month growth since January. While sales have not bounced back to 2010 levels, increased inventory, higher prices are all signs of a recovering market and strong spring. “Prices are still very affordable,” said Jay Hummer, Executive Vice President of RE/MAX of New England. “Whether you’re a first time home buyer or investor, the spring housing market is filled with opportunity.” Read the report »