Northwestern Vermont Board of REALTORS® Releases August 2020 Market Statistics

September 10, 2020
FOR IMMEDIATE RELEASE
Contact: Kathleen A. Sweeten, CEO

Northwestern Vermont Board of REALTORS® Releases August 2020 Market Statistics

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

• New Listings decreased 1.0 percent for Single Family homes 7.1 percent for townhouse-Condo properties.
• Pending sales increased 30.4 percent for Single Family homes and increased 15.9 percent for townhouse-Condo properties.
• Inventory decreased 48.8 percent for Single Family homes and 49.7 percent for townhouse-condo properties.
• The median sales price was up 10.7 percent to $334,000 for Single Family homes and decreased 5.4 percent to $245,000 for townhouse-condo properties.
• Closed sales increased 8.5 percent for Single Family properties and decreased 11.8 percent for townhouse-condo properties.
• Average days on market increased 12 percent or to 56 days for Single Family homes and decreased 32 percent or 36 days for the townhouse-condo market.
• Month’s supply of inventory decreased 48.8 percent for Single Family units and decreased 49.7 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.