Vermont Real Estate Prices downward trend in the last 3 years in Vermont - According to the latest information pulled from the Northern New England Real Estate Network, there has been a decline in median prices of homes in the State of Vermont since 2007.
In 2007, the average list price of a home was $310,991 and the average sales price was $297,270 in the state at that time. In 2008, those averages declined to $289,322 list price to an average sales price of $273, 948. If we fast forward to this past year, we are showing an average list price for the state of $267,717 to an average sales price of $252,156.
All in all, our prices have been affected by the recession and Vermonters have felt the pain of the economy on the sales of their homes like many across the country; although not as bad as some of the other states. The good news is that the local Vermont real estate economy seems to be doing better than most of the other parts of the state and we are encouraged about the future. If you would like to know the value of your home, please let us know. Begin your Vermont MLS home search now.