Middlebury Real Estate Market Update 9/25/06

There are currently 135 properties on the market in Middlebury as of today, 25 of which are under deposit. Motivated sellers continue to reduce prices in hopes of getting an offer, while owners who don't have to sell are reluctant to change.

The window of opportunity to find a buyer for your property will be closing soon. By November a majority of the buyers out there abandon their search until the early spring. Most people want to be in their new home by the holidays.

Realizing this, some of my seller clients will take their houses off the market in November and restart the process in March. If you do keep your house on the market in the winter months you will get far less showings, but the people who come to look are usually serious. Not many people browse homes in 20 degree weather and snow on the ground. So on a positive note, if you do keep your house on the market, you will attract less... but more serious buyers.