It’s that wonderful time of year again when families get together to celebrate the holidays.
Many of which will be doing so from the comfort of a new home in Vermont. Perhaps they are newcomers to Vermont or long time locals who sold a home and bought a new one. In any case, 2016 was definitely a good year for sellers in Vermont.
According to the The Fiscal Times, Vermont is listed at #3 of the Top 10 states that people moved to in 2016.
According to VermontRealtors:
The story has remained consistent as concerns residential real estate. In year- over-year comparisons, the number of homes for sale has been fewer in most communities. Meanwhile, homes are selling in fewer days and for higher prices. This hasn’t always been the case, but it has occurred with enough regularity and for enough time to make it a trend for the entirety of 2016.
New Listings were down 13.0 percent for single-family homes and 11.0 percent for townhouse-condo properties. Pending Sales increased 2.8 percent for single family homes but decreased 2.1 percent for townhouse-condo properties.
The Median Sales Price was up 9.3 percent to $215,375 for single-family homes but decreased 0.7 percent to $188,750 for townhouse-condo properties. Months Supply of Inventory decreased 24.6 percent for single-family units and 4.9 percent for townhouse-condo units.
That’s it for a quick 2016 Vermont real estate summary and a glimpse towards 2017. For now, it’s time to think about family and friends, so we wish you the very best of seasons greetings to you and yours. Please feel free to contact us any time if you have any questions or would just like to say “hello”.