WCAX.COM Local Vermont News, Weather and Sports-Vermont Home Sales Up
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Montpelier, Vermont - July 1, 2009
Real estate agents say business is picking up.
The Vermont Realtors Association says after a slowdown because of the recession, it is now hearing from members that the number of closings is on the rise. Officials say many people want to buy property while prices are low and before the market rebounds.
The average home price in Vermont is down slightly to $200,000.
"They are going crazy running in circles trying to keep up with it and the question was is that people just out kicking tires, taking listings... no it's closings. And so the evidence from our members is that it is picking up. Now of course you have to temper that with where you are-- location, location, location-- and what your market is," said Bob Hill of the Vermont Realtors Association.
One market that Hill says is still slow-- the second home market. It has not picked up yet.
Kristin Carlson - WCAX News
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