Metropolitan Statistical Area (MSA):
Burlington-South Burlington, VT is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Burlington-South Burlington, VT metropolitan statistical area (MSA) is in the midst of a housing market boom. The combination of strong job growth, low interest rates, and an influx of people moving to the area from other parts of the country has created a perfect storm for the real estate market.
Prices for both single family homes and condos have been on the rise for several years now, and there is no end in sight. The most recent data from the National Association of Realtors shows that the median sales price for a home in Burlington-South Burlington was $360,000 in 2017, up nearly 10% from 2016. And while inventory levels have been slowly increasing as more sellers enter the market, demand remains high, leading to bidding wars and homes selling above asking price.
If you are thinking about buying a home in Burlington-South Burlington or any other part of Vermont, now is a great time to do so. Prices are likely to continue to rise as more people discover all that this beautiful state has to offer.