With the second quarter of 2017 well under way, Northwestern Vermont continues to be a sellers’ market with a low inventory of homes for sale in select price ranges. According to the Northwestern Vermont Board of Realtors March 2017 Market Statistics, New Listings are down 24.3% for Single Family properties and 4.4% for Townhouses/Condos compared to March 2016.
Even with demand high and supply low, the average days on market is still 107 days for Single Family properties and 120 days for Townhouses/Condos. For properties in the mid-price range of $250,000-$400,000, we are seeing multiple offers for well located, staged and marketed properties.
The Federal Reserve decided this week to not raise interest rates beyond 0.75-1%, however analysts do project rates to go up at the Fed’s next meeting on June 13 and 14. Today 30-year fixed interest rates are hovering around 3.8-4.1%. With a low housing inventory in Northern Vermont, and the prospect for interest rates to increase more this year, you can position yourself as a seller strong and get the most for your home.
Why You Should List Your Home with Us:
- Conroy & Company’s clients sell at 98% of List Price on average – that’s 1 full percent more than the average sale in your pocket.
- 50% of Conroy & Company’s clients go under deposit in under 30 days! This compares to only 33% in the MLS.
- NAR reports the percent of sellers who sell For Sale By Owner has dropped from 19% to only 8% over the last 20 years! More people are choosing to leave the sale of arguably one of their biggest assets to professionals.
- You net more money with an agent. Studies have shown that the typical house sold For Sale By Owner sells for $210,000 on average, while the typical house in the U.S. sold by an agent sells for $249,000.
Conroy and Company always has pre-qualified and motivated buyers who are actively looking for their new home. If you are interested in selling, contact us for a free competitive market analysis of your home to find out its true market price in today’s selling environment. Complete a form on our website or just send your info in via email. Once submitted, we will get back to you promptly.
Conroy & Company is a Keller Williams Vermont team of Realtors located in South Burlington, Vermont. Our mission is to serve our clients with the highest level of personal commitment to helping them reach their goals. Our focus is to bring the latest technology and marketing skills to our clients, and do so in the most personal, hands on way possible. Our collaborative, strength in numbers approach to exceeding your expectations, has helped keep us in the top 2% of Vermont agents/teams ever since 2003. Questions? Contact Mike Conroy – firstname.lastname@example.org or 802-363-3356