The Northwestern Vermont Board of Realtors has released the February 2020 real estate market update for Chittenden, Franklin, and Grand Isle Counties. 

As February comes to an end we continue to monitor the impact of COVID-19 on the real estate market. It is hard to predict/tell at this time the true impact it will have on our world. With the stock market decline bringing low interest rates it brought good news to buyers and homeowners interested in refinancing. 

Overall buyer demand continues to be strong with Pending Sales increasing by 30.7% and Closed Sales increased 3.4% for Single Family homes and 63% for Townhouse/condos. Homes for sale have decreased 26.6%. 

The recently released January Showing Time Showing Index® saw a 20.2% year-over-year increase in showing traffic nationwide. With showings comes home sales. It will be important for us to monitor the effects COVID-19 will have on the overall economy. If you have any questions or concerns about the real estate market at this time please contact us.

The Northwestern Vermont Board of Realtors has released the January 2020 real estate market update for Chittenden, Franklin, and Grand Isle Counties. The year has started off with continued low interest rates, low unemployment, and rising rents nationwide. These factors will encourage buyers. Inventory continues to be low in Northwest Vermont building a sense of urgency for homebuyers. If you’re interested in learning more about the market in your specific area or have any questions please Contact Us.

Thinking of selling and want to know what your home may be worth? Fill out our What’s My Home Worth form and a Realtor will complete an evaluation of your home at no cost or obligation to you.

The Northwestern Vermont Board of Realtors has released the December 2019 real estate market update for Chittenden, Franklin, and Grand Isle Counties. While buyer demand remains high low inventory is the story across each county making buyers prolong their search. In 2019 homes prices increased in most markets and there were fewer sales. Mortgage rates remain at an all time low improving the affordability for buyers and helps offset rising home prices. If you are interested in learning more about the market in your neighborhood please call our office to speak to a Realtor. (802)372-5777

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Source: Northwestern Vermont Board of Realtors, December 2019 Market Statistics

The Northwestern Vermont Board of Realtors has released the November 2019 real estate market update for Chittenden, Franklin, and Grand Isle Counties. We have felt quite the slow down in terms of new listings which is normal during this time of year. Compared to 2018 closed sales for single family homes increased 1.5% and pending sales increased 36.4% while inventory decreased 18.3%. If you are interested in learning more about the market in your neighborhood please call our office to speak to a Realtor. (802)372-5777

Searching for property? Make sure to Register with us to get properties that fit your needs emailed directly to you.

Source: Northwestern Vermont Board of Realtors, November 2019 Market Statistics

The Northwestern Vermont Board of Realtors has released the October 2019 real estate market update for Chittenden, Franklin, and Grand Isle Counties. As we head into the winter months we have felt the annual slow down with decreased new listings however historically low mortgage rates have supported buyer demand. Closed and Pending Sales continue to increase and Days on Market decrease. If you are interested in learning more about the market in your neighborhood please call our office to speak to a Realtor. (802)372-5777

Searching for property? Make sure to Register with us to get properties that fit your needs emailed directly to you.

Source: Northwestern Vermont Board of Realtors, October 2019 Market Statistics