RE/MAX report: Vermont real estate should improve in 2017

Vermont Business Magazine The RE/MAX INTEGRA, New England 2017 Market Outlook Report predicts continued housing market strength in early 2017 across the New England states driven by low interest rates, demand from first-time buyers and a sustained preference for affordable homes close to cities. Vermont has seen mixed results in 2016 after notable improvement in home sale values in 2015. The Burlington, Middlebury and Montpelier have seen prices lag, while Rutland and Manchester have seen them improve. Meanwhile, Days On Market, which is an important indicator of market activity, has shown almost universal improvement. The Burlington area has fallen to only 60 days. A lower DOM is expected to lead to higher prices in 2017.

Across the region, first-time buyers and millennials represent a dominating force across New England, as they are rapidly purchasing single-family homes and condos in proximity to cities. Boston, MA, Providence, RI, Portland, ME, Burlington, VT, Hartford,

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