May 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.

June 14, 2019 FOR IMMEDIATE RELEASE Contact: Kathleen A. Sweeten, CEO Northwestern Vermont Board of REALTORS® Releases May 2019 Market Statistics The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for May 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 May over last year at this time include:

  • New Listings increased 5.3 percent for Single Family homes but decreased 16.1 percent for Townhouse-Condo properties.

  • Pending sales increased 26.6 percent for Single Family homes but decreased 9.0 percent for Townhouse-Condo properties.

  • Inventory decreased 11.0 percent for single-family homes and 28.3 percent for Townhouse-Condo properties.

  • The median sales price was up 12.5 percent to $319,900 for Single Family homes and increased 6.9 percent to $247,423 for townhouse-condo properties.

  • Closed sales increased 2.5 percent for Single Family properties and increased 4.2 percent for townhouse-condo properties.

  • Days on market decreased 24.1 percent or to 63 days for Single Family homes but increased 65.0 percent or to 66 days for the townhouse-condo market.

  • Month’s supply of inventory decreased 13 percent for Single Family units and decreased 26.7 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 650 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.

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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