Northwestern Vermont Board of REALTORS® Releases April 2021 Market Statistics

May 2021
FOR IMMEDIATE RELEASE
Contact: Kathleen A. Sweeten, CEO

Northwestern Vermont Board of REALTORS® Releases April 2021 Market Statistics

The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for April 2021. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties.

April was another strong month for home sales. The busy spring market continues to see many multiple offer situations driving sales prices above asking price. With such strong activity, by the time a property sale closes, the market may have already moved higher than that sold price suggests. Such markets can create stress and frustration for prospective homebuyers, who are frequently having to submit offers on multiple properties before they are able to secure a purchase.

Changes for April over last year at this time include:

• New Listings increased 102.3 percent for single-family homes and 77.6 percent for townhouse-condo properties.

• Pending Sales increased 128.7 percent for single-family homes and 88.1 percent for townhouse-condo properties.

• Inventory decreased 54.9 percent for single-family homes and 49.6 percent for townhouse-condo properties.

• The Median Sales Price was up 10.8 percent to $355,000 for single-family homes and 18.4 percent to $279,500 for townhouse-condo properties.

• Days on Market decreased 19.7 percent for single-family homes and 16.1 percent for townhouse-condo properties.

• Months Supply of Inventory decreased 62.1 percent for single-family homes and 57.1 percent for townhouse-condo properties.

In the spirit of the great Wayne Gretzky, buyers, sellers, and their agents are all trying their best to skate to where the puck, or rather, the housing market, is going, not where it has been. While housing affordability remains an area to watch as prices continue to rise, strong buyer demand and limited housing supply show no signs of easing soon, pointing to a continuation of this market trend through spring and into summer.

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.