The local real estate news is reporting the same as the national news that we have turned the corner and houses are selling. A few comments were made in this article by local real estate agents that I would like to point out.
The key for home sellers is to price their home to match the local market. Sometimes this is very hard to do in the hill towns because every property is so different but it is important to listen to your agent and discuss the best pricing strategy. On average, the buyers are usually willing to pay 96% of the list price. It is also mentioned that buyers are looking for homes in very good condition and I could not agree more. Fixer-uppers are not selling well. As the demand for housing continues and the inventory of homes diminishes, you will see the fixer upper market turn around.
In Franklin County, sales rose 16 percent, from 418 in 2011 to 485. The median price rose from $170,950 to $170,000.