Photo: © 2014, Charlie Aronovici ✯ Walton Road ✯ October 2, 2014
June 2014 Statewide Market Report
with Statistics for Stowe and all of Lamoille County
June 2014 Market Reports
Housing seemed to have a slow start to the spring selling season, but appearances deceive. Dig into that spring soil and you begin to unearth differences in individual areas and market segments. Inventory is slowly rising in some areas. Activity is picking up in the upper price tiers. Rents continue to climb in most metros. And interest rates are generally lower than a year ago, to the surprise of some and the delight of others.
New Listings were up 17.6 percent for single-family homes but decreased 12.4
The Median Sales Price was down 9.6 percent to $208,000 for single-family homes and 2.5 percent to $198,000 for townhouse-condo properties. Months Supply of Inventory decreased 3.5 percent for single-family units and 22.0 percent for townhouse-condo units.
Housing is one part of a broader ecosystem that thrives on a strong economy that churns out good jobs. First-quarter employment figures were adequate but not thrilling, but second-quarter numbers figure to be more positive. Access to mortgage capital remains an ongoing concern. As cash and investor deals fade, first-time buyers typically step to the forefront, but tight credit can and has been a real hurdle.
Photo: Mt. Mansfield from Rt. 100 north of Stowe, VT - April 2, 2014
© 2014, Charlie Aronovici