Northwestern Vermont Real Estate Market is Strong and Active

Northwestern Vermont real estate is strong and activePleasant Valley Real Estate, which I founded eight years ago, serves the communities of Underhill, Jericho, Cambridge, Jeffersonville, and Richmond, Vermont. One of the most frequent questions I am asked is this: “How is the real estate market these days?” I am happy to say that the Northwestern Vermont real estate market is strong and active.

Here is proof the Northern Vermont real estate market is strong and active:

The Northwestern Vermont Board of REALTORS® released its real estate market statistics for March 2013, showing comparisons to last year at this time:
  • New listings decreased 2.3 percent to 257. People are not in such a hurry to put their homes on the market, resulting in a decline in inventory.
  • Inventory has continued to drop, down 35% to 817 homes.
  • Median sales price has increased 2.9 percent to $239,000. The market is competitive.
  • Pending sales rose again this month, up 14.9 percent to 185. These are houses under contract.
Declining inventory and increasing demand are supporting the increase in median sales prices. This supports my prediction in my last blog that real estate is changing from a buyer’s market to a seller’s market.

So, if you have been thinking about selling your home, 2013 is a good time to put it on the market. And if you’ve been thinking about buying a house, you better hurry up. Now is the time to buy! Either way, selling or buying, contact me and I’ll help you close your deal!

The above information comes from the Northwestern Vermont Board of Realtors, of which I am a member. NVBR recently released its real estate market statistics for the first quarter of 2013. The information is derived from data contained in the Northern New England real estate network and covers Chittenden, Franklin and Grand Isle Counties.

Posted in Pleasant Valley News, Rural Vermont Real Estate.