In a recent article published by Fox News the real estate report was all positive. According to their sources,nationally for the year, real estate sales are up by 3.3%. Comparing last year's April to this year shows a robust positive closing number to be up 9.9%. Additionally, the median sales price nationally in April was up 4.9% and Sales in the Northeast rose 7.7% to the highest level in a year. With interest rates as low as they are, many people are taking advantage and reducing the cost of home ownership.
Vermont Housing Market Holding Strong
According to a recent report from the Northwestern Board of Realtors,closed sales were up in Aril 7.1% from a year ago in our area. Additionally, new listings were down 9.9% and pending sales were up 37.6%. With the increased activity, came a decrease in the median sales price by 6.6% and the average days on market was 117 days which is down by over 6% as well. All in all, things are looking up in for theVermont real estate market.
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