March 2019 Market Insights
Updated: May 15, 2019
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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.
April 24, 2019
FOR IMMEDIATE RELEASE
Contact: Kathleen A. Sweeten, CEO
NVBR Releases March 2019 Market Statistics
The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for March 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 March over last year at this time include:
New Listings decreased 15.4 percent for Single Family homes and decreased 15.5 percent for Townhouse-Condo properties.
Pending sales decreased 4.6 percent for Single Family homes but increased 3.0 percent for Townhouse-Condo properties.
The median sales price was up 9.3 percent to $301,000 for Single Family homes but decreased 3.8 percent to $239,000 for townhouse-condo properties.
Closed sales decreased 4.0 percent for Single Family properties and increased 6.3 percent for townhouse-condo properties.
Average days on market decreased 18.6 percent or to 96 days for Single Family homes and increased 14.3 percent or 96 days for the townhouse-condo market.
Month’s supply of inventory decreased 5.0 percent for Single Family units and decreased 18.5 percent for townhouse-condo units.
The monthly market statistics report is sponsored by NorthCountry Federal Credit Union.