Northwestern Vermont Real Estate Market is Vibrant

Vermont Real EstateMy business, Pleasant Valley Real Estate, serves the communities of Underhill, Jericho, Cambridge, Jeffersonville, and Richmond, all located in Northwestern Vermont. The most frequently asked question I get from friends and clients alike is, “How is the real estate market these days?” I am happy to say it’s been a productive summer and the Vermont real estate market is vibrant. I am having my busiest summer ever!

Here is how the Northwestern Vermont real estate market fared in July, as compared to the same time in 2012:

  • New listings increased 8.6 percent to 253 new properties
  • Median sales price increased 2.0 percent to $255,000
  • Days-on-market was down 20.3 percent to 76 days.
  • Month’s supply of inventory was down 34.9 percent to 6.8 months
  • Pending sales rose again this month, up 5.5 percent to 173

Vermont Real EstateAll this activity has made the real estate environment exciting, and has inspired buyers and sellers alike. Add to this the fact that mortgage interest rates are starting to climb means Vermont real estate is changing from a buyer’s market to a seller’s market.

So, if you have been thinking about selling your home, now is the time to do it! 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 at 802-858-9193 or email 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 July 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 Land, Pleasant Valley News, Rural Vermont Real Estate.