November 2018 Market Insights
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December 17, 2018
FOR IMMEDIATE RELEASE
Contact: Kathleen A. Sweeten, CEO
NVBR Releases November 2018 Market Statistics
The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for November 2018. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties.
Changes for November over last year at this time include:
New Listings were down 14.1 percent for Single Family homes but increased 19.0 percent for Townhouse-Condo properties.
Pending sales increased 4.0 percent for Single Family homes but decreased 16.3 percent for Townhouse-Condo properties.
The median sales price was up 1.5 percent to $294,250 for Single Family homes and increased 14.1 percent to $235,000 for townhouse-condo properties.
Closed sales rose 8.1 percent for Single Family properties and increased 10.5 percent for townhouse-condo properties.
Average days on market decreased 6.0 percent or to 79 days for Single Family homes and decreased 48.2 percent or 43 days for the townhouse-condo market.
Month’s supply of inventory decreased 14.0 percent for Single Family units and decreased 6.7 percent for townhouse-condo units.
The monthly market statistics report is sponsored by NorthCountry Federal Credit Union.