January 2020 Market Insights
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February 27, 2020
FOR IMMEDIATE RELEASE
Contact: Kathleen A. Sweeten, CEO
This report is produced by the New England Real Estate Network.
The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for January 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 January over last year at this time include:
New Listings decreased 18.9 percent for Single Family homes but increased 43.2 percent for Townhouse-Condo properties.
Pending sales increased 15.3 percent for Single Family homes and increased 80.0 percent for Townhouse-Condo properties.
Inventory decreased 23.9 percent for single-family homes and 31.2 percent for Townhouse-Condo properties.
The median sales price was up 11.7 percent to $320,000 for single-family homes and up 9.5 percent to $268,000 for townhouse-condo properties.
Closed sales increased 21.9 percent for Single Family properties and increased 48.5 percent for townhouse-condo properties.
Closed sales increased 21.9 percent for Single Family properties and increased 48.5 percent for townhouse-condo properties. condo market.
Month’s supply of inventory decreased 33.3 percent for Single Family units and decreased 37.9 percent for townhouse-condo units.
For more details on the Market Statistics click here: http://www.nvbr.com/category/news/market-statistics/.
The Northwestern Vermont Board of REALTORS® (NVBR) is the “Voice for Real Estate” in northwestern Vermont representing over 700 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.