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Vermont Real Estate Market update

I believe we are seeing some growth in the real estate market EVEN IN Southern Vermont.  Country wide we are hearing news of increases in real estate sales, new listings going under contract with-in a day, people getting very close to their asking price, even bidding wars.   We are usually buffered from the big swings in real estate (a good thing in general) at least by a few months.  I'm sure this is holding true now too.  We are seeing buyers with a slightly higher feeling that they must move quickly on a property IF they like it.  There also seems to be a surge of buyers willing to fix up homes and renters ready to make the leap into home ownership.  According to a new TransUnion analysis on the U.S. rental market, 55 percent of those who actively shopped for a mortgage in the first quarter of 2017 were non-homeowners and primarily renters. This is up from 50 percent in the first quarter of 2016 and 45 percent in the first quarter of 2015.  Come on out and BUY soon, before you're stuck saying "We should have bought back in 2017".

 

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