2020 real estate, by the numbers
As with many things related to the year 2020, the real estate market was like a tale of two cities, the pre-COVID market, and the COVID market. Realtors had to learn new ways to do business safely once the state allowed the showing of properties to resume. Video and virtual became the norm and many buyers moved forward with offers without ever setting a foot inside, or even traveling to Vermont to see what they were purchasing. Vermont was the safe haven for many city dwellers looking to get back outdoors, and the Mad River Valley, with a plethora of recreation opportunities, became the destination of choice for many. Adding to the pressure were low interest rates and fewer properties on the market resulting in a sellers’ market not to be rivaled in recent history if ever.