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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.