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Vermont home sales on the rise - WCAX.COM Local Vermont News, Weather and Sports-

Vermont home sales on the rise

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BURLINGTON, Vt. -

Vermont's real estate market is booming compared to the rest of New England with the largest increase in home sales.

According to the RE/MAX of New England 2014 Housing Forecast, single-family home sales jumped more than 14 percent last year in the Green Mountains. Homes also got more expensive, with the median cost rising about 4 percent. Condo sales across the state increased 15 percent, with those prices up more than 2 percent.

"Home sales are a good economic indicator and it shows two things, one is that Vermont is doing pretty well in that regard. And two, New England is the strongest region in the entire country, and here Vermont is the strongest state in the strongest region," said Tim McQuiston with Vermont Business Magazine.

McQuiston says buyers with confidence in the economy and their own incomes as well as low-interest rates explain the improving numbers.

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