Vermont Market Reports – April

April 2017 Market Reports

The employment landscape and wages have both improved over the last few years, allowing for more people to participate in the home-buying process. When the economy is in good working order, as it is now, it creates opportunities in residential real estate, and right now is a potentially lucrative time to sell a home. Houses that show well and are priced correctly have been selling quickly, often at higher prices than asking.

New Listings were down 14.9 percent for single-family homes and 20.5 percent for townhouse-condo properties. Pending Sales increased 4.2 percent for single- family homes but decreased 7.6 percent for townhouse-condo properties.

The Median Sales Price was down 3.8 percent to $205,000 for single-family homes and 9.0 percent to $193,750 for townhouse-condo properties. Months Supply of Inventory decreased 26.6 percent for single-family units and 12.7 percent for townhouse-condo units.

ccurs. While strong demand is generally considered a good problem to have, it creates an affordability issue for some buyers, especially first-time buyers. And yet, prices will continue to rise amidst strong demand.