Price Cuts High Point in Burlington Real Estate Market

The Burlington market is starting to look more attractive. In tandem with sales continuing a four-week downward trend, bringing this week's numbers down to nine homes sold over the last 30 days, price reductions are also at the highest they've been in three months, with eight reported over the same period. During the same time frame, Mount Vernon had the most price reductions of any other neighboring municipalities with 41. As the number of new sellers came into the market, the median sales price dropped, falling to $199,900, a six-month low. In spite of the falling prices, a low three months of inventory signals that Burlington is still a seller's market.

Looking to move to Burlington, but at an economical price? You may want to start with these low-cost listings:

$160K   $200K   $208K  

Get started right now by checking out Burlington homes for sale or reviewing Burlington real estate trends.

Demographic facts about Burlington:

  • This area has an affordability rating of 40. (Scale: 1 = Worst, 100 = Best)
  • The area gets an average of 32.3 inches of rain each year. (U.S. average: 36.5)
  • This area has an income per capita of $23,075.
  • The school rating in this area is 48. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

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