A second quarter report of existing-home sales showed healthy gains from the first quarter, and price declines have increased affordability, according to the latest survey by the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said the sales gain appears to be sustainable. “With low interest rates, lower home prices and a first-time buyer tax credit, we’ve been seeing healthy increases in home sales, which are a hopeful sign for the economy,” he said.
What is happening in our local South Central Vermont real estate market? Let’s take a look at statistics for the past six months for Rutland County, Windham County and Windsor County.
South Central Vermont Real Estate Sales Statistics
Homes For Sale: 3289 (+12.6 percent)
Homes Sold: 134 (+143.6 percent)
Pending Sales: 126 (+85.3)
Average Sales Price: $214,000 (+30 percent)
Average Sq Ft Price: $126.2 (+24 percent)
Median Price: $180,000 (+35 percent)
Days On Market: 167 (-18 percent)
Homes For Sale: 2922
Homes Sold: 55
Pending Sales: 68
Average Sales Price: $165,000
Average Sq Ft Price: $101.6
Median Price: $135,000
Days On Market: 142
With South Central Vermont real estate sales following the national upward trend, now is the time to buy. As you can see, an increase sales is followed by an increase in prices. Buy now for the best possible deal on South Central Vermont real estate.