OFHEO Reports on Vermont’s Appreciation rates for the 3rd Quarter.
Vermont’s rates of appreciation have slowed substantially according to the latest government reports, but so has much of the rest of the US.
Vermont ranks 15th
among the 50 states with a year to date price change index of +12.40%. The National Avg is
12.02% and the median is 9.5%.
among the 50 states with a year to date price change index of +12.40%. The National Avg is
12.02% and the median is 9.5%.
Leading the way in appreciation is Arizona at a whopping
30.33% followed by Florida at 25.18%.
30.33% followed by Florida at 25.18%.
Our neighbors in New York were ranked 17th at an annual rate of 11.85%.
Other New England
States: Connecticut at 24th, 10.62%; Maine at 25th, 10.56%; New Hampshire at 26th, 9.53%; Massachussets at 32nd,
8.02%.
At the other end of the scale is Michigan at 4.01%, which obviously reflects the melt down in the automobile industry.
Within Vermont
overal first quarter statistics showed Vermont’s annual rate at15.14% and it increased in the 2nd Quarter to 16.42%.
overal first quarter statistics showed Vermont’s annual rate at15.14% and it increased in the 2nd Quarter to 16.42%.
The Burlington MSA
posted similar numbers to the state, slightly less year to date. The first quarter was at15.41%, the 2nd
quarter at 16.08%, and the 3rd Quarter at 11.87%. Comparing Burlington
MSA to the national rates, we would rank 17th just behind New York and behind Wyoming.
posted similar numbers to the state, slightly less year to date. The first quarter was at15.41%, the 2nd
quarter at 16.08%, and the 3rd Quarter at 11.87%. Comparing Burlington
MSA to the national rates, we would rank 17th just behind New York and behind Wyoming.
Vermonters take heart, we are doing well compared to our neighbors and peers.
