first_imgVermont was the only New England state that did not lose ground in either units sold or in median price. Connecticut was the only state down in both.About RE/MAX of New England, IncSince its inception in 1985, RE/MAX of New England has grown to over 230 offices and nearly 3,000 sales associates throughoutConnecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. Read more about the housing industry at the RE/MAX ofNew England website www.remax-newengland.com(link is external) and follow us on Twitter at @REMAXNE. RE/MAX is proud to help raise millions ofdollars and support charitable organizations like Susan G. Komen For the Cure and Children’s Miracle Network Hospitals.DEFINITIONSTransactions are the total number of closed residential transactions during the given month. Month’s Supply of Inventory is the total number ofresidential properties listed for sale at the end of the month (active inventory) divided by the number of sales contracts signed (pended) duringthe month. Days on Market is the number of days that pass from the time a property is listed until the property goes under contract for allresidential properties sold during the month. Median Sales Price is the median price of all residential properties sold during the month.MLS data is provided by contracted data aggregators, RE/MAX brokerages and regional offices. While MLS data is believed to be accurate, it cannot beguaranteed.MLS data is constantly being updated, making any analysis a snapshot at a particular time. Every month the RE/MAX of New England HousingReport re-calculates the previous period’s data to ensure accuracy over time. All raw data remains the intellectual property of each local MLS organization.© copyright 2010 RE/MAX of New England, Inc Vermont’s real estate market fared the best of all New England states in a newly released RE/MAX report. There were 289 homes sold in January, an 18% increase from the 245 homes sold the same time last year. On a month-to-month basis, home sales were down -27.6% from 399 homes sold this past December. The median selling price remained flat year-over-year at $190,000. However, Vermont surpassed New Hampshire in median sale price and is now fourth in New England, also ahead of Maine.Overall inventory decreased from 8,478 in January 2010 to 7,694 in January 2011. If inventory increases, as RE/MAX expects, Vermont should experience a positive Spring market.Stability defined the New England market in January as home sales saw a slight increase of .4%from December. While some industry analysts continue to predict a serious decline in homeprices in the new year, the RE/MAX of New England Monthly Housing Report showed homeprices dropped by only -2% from levels in December 2010.‘It’s encouraging to see transactions and prices remaining stable,’ said RE/MAX of New England Executive Vice President Jay Hummer. “These trends should continue as we enter the Spring market.’last_img