In the Franklin County towns of Fairfax, Georgia, Swanton, Highgate and St. Albans City and Town, the average sales price was up 6% and the median remained the same. Days on market were down 13%.

          The Grand Isle towns of South Hero, Grand Isle and North Hero always have so few sales that it is difficult to make statements about the market - one large sale can skew the average and median prices. Having said that, the average sales price rose from $256, 692 to $363,119 and the median rose from $217,500 to $270,000. These are large gains, so we'd rather say that we are encouraged by the direction the market is taking versus using these gains as predictors. Interestingly, the days on market increased from 145 days to 174. So, an increase in average and median sales price but longer days on market.

          We continue to be optimistic about the market although cautious in our enthusiasm since recently, the interest rates have climbed. We encourage buyers and sellers to look at the market favorably in spite of the interest rates - they are still very low, and home ownership is within reach of many buyers, especially with some generous government programs in place for those who qualify. If you would like more information about these programs or have questions about the stats in a particular town, please email Karin