Total Listings

New Since Feb 1

Closed Since Feb 1

Price Change Since Feb 1

Montpelier

          54

          13

            6

             7

Barre City

          66

          14

            5

            18

Barre Town

          51

          13

            3

             4

U-32

          64

           9

            4

            13

Northfield

          34

           3

            3

             4

 

There it is.  In a nutshell, that's the activity for the real estate market in Montpelier, Barre, U-32 (Calais, Berlin, Middlesex, Worcester, and East Montpelier), and Northfield.

February is not typically a busy season in Vermont real estate, but there is activity.  What we're starting to see is a pickup in new listings, and a growth in the spread between new listings and closings.  This tends to happen as sellers gear up for spring.  I think we're going to continue to see that spread increase across the different markets throughout the next couple of months, and by July and August, the trend is likely to begin reversing.

This is fairly typical for the calendar cycle.

One item of note is that there have been 18 price changes in Barre City, compared to only 4 in Barre Town.  My suspicion is that some sellers are feeling more motivated than may have been the case several months ago.  Why more in Barre City than Barre Town?  Boy, I wish I knew.

Another interesting number is that the Northfield real estate market absorbed (sold) as much as it created, making a net zero addition to the inventory.  That indicates a surprisingly effective market.  Then again, it's a relatively small sample size.