May 2020 Market Statistics

June 17, 2020
FOR IMMEDIATE RELEASE
Contact: Kathleen A. Sweeten, CEO

Northwestern Vermont Board of REALTORS® Releases May 2020 Market Statistics

The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for May 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 May over last year at this time include:
 

• New Listings decreased 31.2 percent for Single Family homes and decreased 12.6 percent for townhouse-Condo properties.
• Pending sales decreased 4.1 percent for Single Family homes but increased 19.5 percent for townhouse-Condo properties.
• Inventory decreased 34.2 percent for Single Family homes and 28.4 percent for townhouse-condo properties.
• The median sales price was down 2.3 percent to $315,000 for Single Family homes and decreased 0.5 percent to $237,450 for townhouse-condo properties.
• Closed sales decreased 41.5 percent for Single Family properties and decreased 34.2 percent for townhouse-condo properties.
• Average days on market increased 35.5 percent or to 62 days for Single Family homes and decreased 21.2 percent or 52 days for the townhouse-condo market.
• Month’s supply of inventory decreased 38.6 percent for Single Family units and decreased 32.0 percent for townhouse-condo units.

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

___________________

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.