April 2013 Market Statistics

April 2013 Market Statistics The Northwestern Vermont Board of REALTORS (NVBR) has released its real estate market statistics for April 2013. The information is derived from data contained in the Northern New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties. Comparisons to last year at this time: New listings increased 23.5 percent to 310 new listings Median sales price increased 7.9 percent to $250,000 Inventory continued to drop, down 30.8% to 876 homes Pending sales rose again this month, up 15.4 percent to 202 With all the activity in the market right now, the average length of time a house stays on the market has decreased. The number of listings increasing is a good sign. However, the market is very strong right now. Homes are moving fast which is keeping the inventory supply down, said Kathleen Sweeten, Executive Vice President of NVBR.