Northwestern Vermont Board of REALTORS® Releases July 2020 Market Statistics

August 19, 2020
FOR IMMEDIATE RELEASE
Contact: Kathleen A. Sweeten, CEO

Northwestern Vermont Board of REALTORS® Releases July 2020 Market Statistics

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

• New Listings decreased 15.0 percent for Single Family homes but increased 27.3 percent for townhouse-Condo properties.
• Pending sales increased 24.6 percent for Single Family homes and increased 53.6 percent for townhouse-Condo properties.
• Inventory decreased 44.2 percent for Single Family homes and 40.1 percent for townhouse-condo properties.
• The median sales price was up 10.6 percent to $350,000 for Single Family homes and increased 4.7 percent to $269,725 for townhouse-condo properties.
• Closed sales decreased 2.7 percent for Single Family properties and increased 38.0 percent for townhouse-condo properties.
• Average days on market increased 12 percent or to 56 days for Single Family homes and decreased 35.6 percent or 29 days for the townhouse-condo market.
• Month’s supply of inventory decreased 46.8 percent for Single Family units and decreased 48.1 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.