Blog :: 06-2019

May Market Report

May Market Report

 

Photography by Ted Dawson

  Active Under Contract Average Sale Price (last 12 mos) # of Closings last 12 mos Average Days on Market
Barre City

42

21 $137,215 88 79
Barre Town 29 13
 

$205,046

89 62
Montpelier 15 15 $263,376 72 69
U32 37 12 $238,587 83 119
Northfield/Williamstown 31 11 $212,905 78 67


 

  New Listings April 2019 Sales/12 Absorption Rate (# mos of inventory)
Barre City 16 7.33 5.73
Barre Town 6 7.42 3.91
Montpelier 8 6.00 2.50
U32 11 6.92 5.35
Northfield/Williamstown 10 6.50 4.77


Buyers are out there ready to buy, and it would be just lovely if there were a few more homes for sale. Especially in Barre Town and Montpelier. With just 2.5 months of inventory in Montpelier, and under four months of supply in Barre Town, those two are very clearly “sellers’ markets”.

 

Experts use six months of inventory as the threshold between a buyers’ market and a sellers’ market, which puts all of the Central Vermont markets solidly as sellers’ markets.

 

Buyers are being successful when they make solid offers, and when they have realistic expectations about inspection items. Even in this market, sellers need to price their homes correctly and be realistic about their home’s condition.

 

Are you in the market to buy or sell? Get in touch! Call us at (802) 225-6425