The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for December 2016 and the Annual real estate market statistics. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties.
Changes for December over last year at this time include:
– New Listings were down 7.8 percent for Single Family homes but remained flat for Townhouse-Condo properties.
– Pending Sales increased 2.9 percent for Single Family homes but decreased 17.1 percent for Townhouse-Condo properties.
– The median sales price was up 9.5 percent to $284,750 for Single Family homes but decreased 1.2 percent to $219,250 for townhouse-condo properties.
– Closed sales increased 6.9 percent for Single Family properties but decreased 16.7 percent for townhouse-condo properties.
Average days on market decreased 25.5 percent or 111 days for Single Family homes and decreased 58.5 percent or 54 days for the townhouse-condo market.
-Month’s supply of inventory decreased 28.8 percent, or 4.7 months for Single Family units and decreased 23.7 percent, or 2.9 months for townhouse-condo units.
“December ended much like most of 2016. There continues to be low inventory and days on market is down”, said Kathleen Sweeten, CEO of the Northwestern Vermont Board of Realtors®. “Realtors® continue to be very busy and are optimistic for 2017”.