August 2019 Market Insights
This report is produced by the New England Real Estate Network. Contact us to learn more about the current market in your town or a county not listed here.
September 24, 2019
FOR IMMEDIATE RELEASE Contact: Kathleen A. Sweeten, CEO
NVBR Releases August 2019 Market Statistics
The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for August 2019. 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 increased 15.0 percent for Single Family homes and increased 21.7 percent for Townhouse-Condo properties.
Pending sales increased 17.8 percent for Single Family homes and increased 62.1 percent for Townhouse-Condo properties.Inventory decreased 7.1 percent for single-family homes and 30.8 percent for Townhouse-Condo properties.
The median sales price was up 4.8 percent to $302,750 for Single Family homes and increased 15.4 percent to $259,000 for townhouse-condo properties.
Closed sales increased 7.6 percent for Single Family properties and increased 14.9 percent for townhouse-condo properties.
Days on market decreased 18.0 percent or to 50 days for Single Family homes and increased 10.4 percent or to 53 days for the townhouse-condo market.
Month’s supply of inventory decreased 13.5 percent for Single Family units and decreased 31.3 percent for townhouse-condo units.
The monthly market statistics report is sponsored by NorthCountry Federal Credit Union.