NVBR Releases June 2020 Market Statistics

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

Northwestern Vermont Board of REALTORS® Releases June 2020 Market Statistics

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

• New Listings decreased 0.3 percent for Single Family homes and decreased 5.6 percent for townhouse-Condo properties.
• Pending sales increased 25.4 percent for Single Family homes and increased 25.0 percent for townhouse-Condo properties.
• Inventory decreased 36.0 percent for Single Family homes and 36.5 percent for townhouse-condo properties.
• The median sales price was down 1.7 percent to $325,000 for Single Family homes but increased 5.1 percent to $264,000 for townhouse-condo properties.
• Closed sales decreased 15.0 percent for Single Family properties and decreased 23.8 percent for townhouse- condo properties.
• Average days on market increased 10.1 percent or to 62 days for Single Family homes and decreased 28.4 percent or 48 days for the townhouse-condo market.
• Month’s supply of inventory decreased 40.0 percent for Single Family units and decreased 42.3 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.