Primary home prices dip in first half of 2014

By: Leslie Black-Plumeau

home pricesBetween January and June, the median price of a primary home sold in Vermont was about 4% lower than it had been in 2013. Statewide, the median price dipped to $192,250 from $200,000 in 2013.

The price decline was confined to 5 counties in northwest and central Vermont, as shown on the map below. Tiny Essex also saw a drop, though its small housing stock means it sees more frequent fluctuations.
Price drop 2014 map

The number of primary homes sold in the first half of the year was virtually unchanged between 2013 and 2014.

Read more in this week’s or check out what’s happening in your community on the Vermont Housing Data website. The site was updated yesterday to include information on homes sold during the first half of 2014 in every Vermont town and county.