April 2020 Market Statistics

May 15, 2020
FOR IMMEDIATE RELEASE
Contact: Kathleen A. Sweeten, CEO

Northwestern Vermont Board of REALTORS® Releases April 2020 Market Statistics

The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for April 2020. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties.

Changes for April over last year at this time include:
 

• New Listings decreased 48.2 percent for Single Family homes and decreased 32.9 percent for townhouse-Condo properties.
• Pending sales decreased 47.2 percent for Single Family homes and decreased 45.7 for townhouse-Condo properties.
• Inventory decreased 27.3 percent for Single Family homes and 14.8 percent for townhouse-condo properties.
• The median sales price was up 9.3 percent to $320,500 for Single Family homes but decreased 4.1 percent to $236,000 for townhouse-condo properties.
• Closed sales decreased 13.9 percent for Single Family properties and decreased 19.2 percent for townhouse condo properties.
• Average days on market decreased 11.6 percent or to 61 days for Single Family homes and decreased 26.3 percent or 56 days for the townhouse-condo market.
• Month’s supply of inventory decreased 34.1 percent for Single Family units and decreased 20.8 percent for townhouse-condo units.

For more details on the Market Statistics click here: http://www.nvbr.com/category/news/market-statistics/.

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The Northwestern Vermont Board of REALTORS® (NVBR) is the “Voice for Real Estate” in northwestern Vermont representing over 650 members involved in all aspects of the residential and commercial real estate industries. The monthly market statistics report is sponsored by NorthCountry Federal Credit Union.