Manchester Vermont Real Estate Blog

I’m on Anna Maria Island in Florida this week. Things move a little slower down here so my weekly market recap that usually appears on Mondays is coming to you on Tuesday this week, poolside at Marbella.

New Listings – 16 new listings came on the market last week ranging in price from $64,900 to $1.49 million.

Price Reductions – 9 properties were reduced in price last week.

Under Contract – 10 properties went under contract last week with good distribution across most price points including 2 properties over $1 million.

Sold – 2 properties closed last week, one for $180,000 which was 90% of asking price and one for $236,000 which was 91.5% of asking price.

There are some hopeful signs in last week’s data. The number of properties going under contract was the largest we’ve seen recently. The number of price reductions should also help get the market moving. Let’s hope these trends continue.

That’s all for now, the pool is calling.