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Buyer's Market vs Seller's Market

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buying_versus.jpgLocation, price, and condition of the home play a vital role in determining the demand, price, and length of time it would take a property to sell. These key factors help to determine whether or not it is a "Buyer's Market" or a "Seller's Market".  Very often general statements are made about the type of real estate market we're experiencing. Often we hear national media reports about the type of market it is. 
However, just like you wouldn't expect the weather to be the same in one state vs. another - the same is true about the real estate market. Furthermore, the type of market it is may be different from town to town or neighborhood by neighborhood.

Is our Local Market a Buyer's or Seller's Market?



After years of double digit appreciation levels and a moderate decline in the number of home sales in 2008, the market has stabilized and sales of homes in Chittenden County continue to outpace the surrounding counties.  Available inventory reflects a balanced market, with roughly 6 months supply on hand. Market conditions vary according to list price, with inventory of homes up to $300,000 reflecting a sellers market and inventory over $500,000 reflecting a buyers market.
 
Whether you are buying a home in the Greater Burlington area or selling your Vermont home - it's important to understand the market conditions.



© 2011 Coldwell Banker Hickok & Boardman Realty. Coldwell Banker is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. All Offices Are Independently Owned and Operated.

Vermont Real Estate


Coldwell Banker Hickok & Boardman Realty is a full service Burlington Vermont real estate company providing home buying or home selling services, Relocation services to or from Vermont, and rental assistance to tenants and landlords. Our Concierge Home Services program assists home sellers with preparing their property for sale and also provides our clients with access to a network of Vermont home service providers. We have a more than 55 educated and experienced Vermont real estate agents from which to choose, combining the strength of a prominent national organization, like Coldwell Banker, with the local expertise of a leading Vermont real estate company, Hickok & Boardman. If you want to buy a home in Vermont, sell a home we are large enough to meet your needs, yet small enough to provide the excellent, personalized real estate service you deserve.