Vt Real Estate Market

VT Real Estate News - July 2012

Northwestern Vermont Board of REALTORS Releases July 2012 Market Statistics The Northwestern Vermont Board of REALTORS has released its real estate market statistics for July 2012. The information is derived from data contained in the Northern New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties. New Listings in the three county region decreased 5.2 percent to 236 listings. Pending Sales were up 34.8 percent to 178. Inventory levels shrank 18.1 percent to 1,173 units. Prices moved higher. The Median Sales Price in northwestern Vermont increased 2.9 percent to $249,950. Days on Market was down 1.7 percent to 95 days. Inventory continues to creep down. Buyers and sellers are positioned right now for attractive transactions. said Kathy Sweeten, executive vice president of the Northwestern Vermont Board of REALTORS. Strong activity is being reported in all Chittenden, Franklin and Grand Isle Counties. Contact us for more information on Vermont's real estate market.

May 2012 Market Statistics

Northwestern Vermont Board of REALTORS Releases May 2012 Market Statistics The Northwestern Vermont Board of REALTORS has released its real estate market statistics for May 2012. The information is derived from data contained in the Northern New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties. Pending sales are up over last year 22.1 percent. Inventory levels continue to shrink in May down 13.9 percent to 1,137 units. Prices moved higher. The median sales price increased 4.3 percent to $245,000. May 2012 Quick Facts Monthly Indicators Current as of June 11, 2012. Data is refreshed regularly to capture changes in market activity, so figures shown may be different than previously reported. All data from NNEREN. + 4.3% 1-Yr Change in Median Sales Price Combined with reliable sales volumes, fewer active listings have translated into competing bids on existing inventory and modest price gains in select neighborhoods. Informed sellers have noticed some homes selling quicker and for closer to asking price. Home searches are turning up far fewer results than in recent years. National headlines mask regional variability. With fewer distressed properties selling, prices are effectively melting up due to less downward pressure. May looks pretty good all around. New Listings in the Northwest Vermont region decreased 7.5 percent to 310. Pending Sales were up 22.1 percent to 182. Inventory levels shrank 13.9 percent to 1,137 units. Prices moved higher. The Median Sales Price increased 4.3 percent to $245,000. Days on Market was up 3.8 percent to 116 days. The supply-demand balance stabilized as Months Supply of Inventory was down 27.3 percent to 8.9 months. In economic news, May's jobs report was disappointing, and there's a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60-day National Flood Insurance Program extension. But with campaign season upon us, major housing-related bills or policy shifts are unlikely.

April 2012 Market Statistics

The Northwestern Vermont Board of REALTORS has released its real estate market statistics for April 2012. The information is derived from data contained in the Northern New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties. The average sales price for single family homes continues to adjust in the three-county area, showing a one-year change of -2.8%, or down to $269,410. Activity is strong, however. Pending sales increased 37.6% over last year. Days-on-market dropped to 117 days. Year-to-date inventory levels and the months supply of inventory also dropped. REALTORS continue to be very busy. said Kathy Sweeten, executive vice president of the Northwestern Vermont Board of REALTORS. Properties priced right are moving quickly.

March 2012 Market Statistics

The Northwestern Vermont Board of REALTORS has released its real estate market statistics for March 2012. The information is a result of data contained in the Northern New England Real Estate Network. This report covers Chittenden, Franklin and Grand Isle Counties. New listings in the northwestern Vermont region increased 21.7% to 264 listings. Pending sales were up 36.6% to 179. Inventory levels continue to shrink, down 5.9% to 1,053 units. Prices remain fairly stable. The median sales price in the three county regions saw a decrease of 1.4% from last year at this time. The Spring housing market is definitely here, said Kathy Sweeten, executive vice president of the Northwestern Vermont Board of REALTORS. Properties priced right are moving quickly.