So Vermont makes the national real estate news again. In the latest Inman News (a dedicated real estate news site) Burlington and South Burlington make the list at number seven top real estate markets to watch. A few figures to concentrate on. Median sales price was $270,600 compared to $202,000 in the rest of the state. Days on market for this area were 126 compared to 161 for the rest of the state.
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Does this news impact the rest of the state? Yes, especially those regions directly surrounding Burlington. The inventory of good houses under $300K is in demand and buyers are looking to outlying regions. Also, Vermont's real estate has held its own better than most parts of the country. But that doesn't mean we are back at 2007 prices. Although we are not as far off as other states.