Home sales are lagging. Although economists (as did I) predicted around 4.60 million existing home sales for 2024, that number is now expected to end the year at 3.84 million units [according to NAR September report]. This represents a 6.1% decline from 2023, which was already the worst year we had seen since 1995. Bear in mind that the US [...]

Two Hands

By Ruth Kennedy Sudduth, Principal and Vice Chair of LandVest's Board of Directors, Director of LandVests Fiduciary and Family Office Consultancy

LandVest's President, Joseph Taggart, shares his expertise on the housing shortage in the US and the attempt to accommodate the newest generation of buyers.

LandVest's President Joseph Taggart provides his expert insight on forecasting residential home sales as we head into 2024.

The age-old dilemma: Should you buy, or should you hold off? Should you sell, or should you wait?

Vermont's real estate market is changing. Sales of homes over $1 million decreased in 2023 by 6.5% compared to the peak the year before. Buyers placed a bigger discount on homes that needed work due to high building costs and a shortage of [...]

High-End $2,000,000+ Market Highlights

• Inventory up 11% (record 322 vs record 291 last year).
• Sales down 14% (467 vs record 544 last year).
• Top Sale: $11,800,000. 15 Dogwood Rd, Weston.
• Strong inventories and buyer demand continue to propel the market despite economic and political concerns.
• As usual, special properties expertly presented, reaching out to a broad market with a strong value proposition, will have a competitive
• [...]

Market Highlights

High-End $2,000,000+ Market Highlights

• Inventory down 5% (328 vs 345 last year).
• Sales down 10% (298 vs record 330 last year).
• Top Sale: $11,800,000, 15 Dogwood Rd, Weston.
• Strong inventories and buyer demand continue to propel the market despite economic and political concerns.
• As usual special properties, expertly presented, reaching out to a broad market with a strong value proposition, will have a competitive
[...]

Market Highlights

HIGH-END $2,000,000+ MARKETS HIGHLIGHTS

• Inventory up 26% (203 vs 161 last year).
• Sales volume down 30% (78 vs 112 last year).
• Top sale: $12,200,000, 209 Bay St, Osterville.
• Cape Cods high-end market inventory continues to improve.
• COVID-driven demand is slacking while rising inflation, interest rates, and global uncertainty remain
[...]