Manchester Vermont Real Estate Blog

With the weather warming up this week, it feels like Spring is in the air. Hopefully, an early Spring will bring some early energy to our local real estate market. There are certainly some hopeful signs that have been developing over the past couple of weeks.

New Listings – 11 new listings came on the market last week ranging in price from $198,000 to $499,000.

Price Reductions – 12 properties were reduced in price last week with an average reduction of 7.3%.

Under Contract – 12 properties went under contract last week, ranging in price from $149,000 to $1.2 million.

Sold – 2 properties closed last week, one for $182,000 which was 92% of asking price and one for $195,000 which was 93% of asking price.

Last week marked the first time this year that the number of properties going under contract surpassed the number of new listings coming on the market. Over the past 2 weeks 22 properties have gone under contract. We have also seen 21 properties reduced in price over the past 2 weeks. Let’s hope that these trends and the early taste of Spring continue.