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January 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.


February 14, 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 January 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 January over last year at this time include:


  • New Listings were up 23.5 percent for Single Family homes but decreased 2.3 percent for Townhouse-Condo properties.

  • Pending sales increased 17.0 percent for Single Family homes but decreased 15.9 percent for Townhouse-Condo properties.

  • The median sales price was up 6.1 percent to $286,454 for Single Family homes and increased 16.6 percent to $244,815 for townhouse-condo properties.

  • Closed sales decreased 3.0 percent for Single Family properties and remained flat for townhouse-condo properties.

  • Average days on market decreased 28.4 percent or to 81 days for Single Family homes and decreased 10.1 percent or 71 days for the townhouse-condo market.

  • Month’s supply of inventory decreased 10.0 percent for Single Family units but increased 8.0 for townhouse- condo units.

The monthly market statistics report is sponsored by NorthCountry Federal Credit Union.  

Download the January 2019 Summary Report or get statistics for individual towns by clicking here.

If you would like to learn more about the Vermont real estate market or want buy or sell your home, contact us today!

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