February 2019 Market Insights
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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.
March 26, 2019
FOR IMMEDIATE RELEASE
Contact: Kathleen A. Sweeten, CEO
NVBR Releases January 2019 Market Statistics
The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for February 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 February over last year at this time include:
New Listings were up 5.9 percent for Single Family homes but decreased 32.8 percent for Townhouse-Condo properties.
Pending sales decreased 1.6 percent for Single Family homes but increased 29.2 percent for Townhouse-Condo properties.
The median sales price was up 4.3 percent to $290,000 for Single Family homes and increased 5.2 percent to $190,000 for townhouse-condo properties.
Closed sales increased 2.3 percent for Single Family properties and decreased 22.9 percent for townhouse- condo properties.
Average days on market increased 7.1 percent or to 91 days for Single Family homes and decreased 16.9 percent or 49 days for the townhouse-condo market.
Month’s supply of inventory decreased 7.5 percent for Single Family units and decreased 17.9 percent for townhouse-condo units.
The monthly market statistics report is sponsored by NorthCountry Federal Credit Union.