The Northwestern Vermont Board of REALTORS® just released its real estate market statistics report for March 2012. The information is derived from data contained in the Northern New England Real Estate Network® and covers Chittenden, Franklin and Grand Isle Counties.
Monthly market statistics reports are sponsored by North Country Federal Credit Union.
New listings in the northwestern Vermont region increased 21.7 percent to 264 listings. Pending sales were up 36.6 percent to 179. Inventory levels continue to shrink, down 5.9 percent to 1,053 units. Prices remain fairly stable. The median sales price in the three county region saw a decrease of 1.4 percent 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.”