Vermont is small, our population hovers around 620,000. Yes, that’s the whole state – men, women, children. We have never had a housing “boom” like other states. Demand for housing has outstripped our supply over the last few years. In certain price ranges there are perhaps 40 – 50 buyers looking at the same house.
The housing shortage in Vermont is ongoing. History, regulation, geography, topography, economics, etc. all play a role in the current state of our housing stock. Even in a “normal” year people have a difficult time finding a house. In the not-so-distant past buyers could find 10 houses that would be on their list of potential abodes. Now, there are none. Zip. Zero. Nada. Or, okay, maybe one – but there are 20 showings and all contracts need to be submitted within 72 hours. This causes a frenzy. Houses are popping up on the internet and disappearing – all within a day.
Discouraging? Sure. Now the good news. We have, so far, helped all of our buyers find a home. Through it all — the shortage, the bidding wars, the crazy rush to get in – we have guided our clients through the process.
We are here for you too! Contact us to help you find and close on your new home.