February 2022 Real Estate Market Update

FEBRUARY 2022 REAL ESTATE MARKET UPDATE

An Increase in Listings

February brought some positive news for the real estate market! Although we have continued to see increasing prices and a lightning-speed turnaround for homes going under contract, the inventory increased by over 30% - from merely 93 listings in January to 122 in February! We hope to see this increase in inventory continue into the spring as we typically do. There are many buyers who have been aggressively searching for a home, so we don’t expect to see demand or competition change any time in the near future.

Unknown Impact of World Events

While we are optimistic about what the spring will look like for real estate, we also cannot ignore the potential impact of the Russia-Ukraine War on the economy. As of right now, we continue to see a thriving and persistent housing market and we will continue to carefully monitor market trends.

Vermont generally has a bit of an advantage compared to other markets, because our state tends to lag behind other states and then follow their trends. We’re always keeping an eye on statistics from the Southern and Western markets to be fully informed and be able to make educated predictions about where we’re headed!