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National Real Estate update

The National Association of Realtors latest report was mixed for national real estate sales over the prior month.  Nationally, sales of existing homes edged down slightly, but prices were up slightly over the prior month.  Interestingly, sales of homes priced over $500,000 have done better than those at lower price points.  The good news is in the comparison to a year ago:  the numbers in March continue to point to a healthy housing recovery: existing home sales are up 10.3% compared to a year ago and the median home price in March ($184,300) is nearly 12% higher than it was in March 2012. Last month also marks the largest year-over-year price growth since November 2005.  Our local real estate market did not experience the wild upswings nor the horrific downturns that were experienced in some markets, but our local real estate market is definitely beginning to thaw, along with the winter snow and ice.  It's mostly brown around here on this late April day, but it's sunny, and VT is already beginning to Green up.

- JS

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