Blog :: 03-2013

February 2013 Market Statistics from Northwestern Vermont Board of Realtors

Northwestern Vermont Board of REALTORS Releases February 2013 Market Statistics The Northwestern Vermont Board of REALTORS (NVBR) has released its real estate market statistics for February 2013. The information is derived from data contained in the Northern New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties. In the three county area: Median sales price increased 20.2 to $266,938 Average sales price is up over last year 3.2% to $284,815 Inventory dropped 33.6% to 807 homes Pending Sales rose 10.2% to 130 While Chittenden County leads the way in most market indicator, Franklin County is leading the way in new listing and closed sales. All three counties in northwestern Vermont are very active, said Kathleen Sweeten, Executive Vice President of NVBR. Spring is a very busy market. Buyers are motivated by an attractive affordability environment and sellers are receiving near top dollar for their homes.

Home Sales

Homes are selling faster as buyer demand picks up, leaving a very low supply of homes left for sale, according to the latest February MLS data figures from Realtor.com. Homes in February sold faster than in any February since 2007, according to the site. In February, homes were on the market for a median of 98 daysthats down from 123 days in February 2011. With home sales picking up pace, buyers and sellers are less likely to see price reductions on homes and to see more multiple offer situations, Curt Beardsley, vice president with Move, which operates Realtor.com told USA Today. Courtesy of vtrealtor.com