The Northwestern Vermont Board of REALTORS® has released its real estate market statistics for June 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 NorthCountry Federal Credit Union.
Closed sales are up over last year by 31 percent. Pending sales were also up by 10%. Inventory levels continued to shrink in June down 15.3 percent to 1,187 units. The housing affordability index increased 7.6 percent over last year.
“First time homebuyers are finding homes priced right coupled with attractive low mortgage rates.” said Kathy Sweeten, executive vice president of the Northwestern Vermont Board of REALTORS®. “This is a positive sign for those looking to move up as well.” Strong activity is being reported in all areas of the market.Download Summary Report Here (.pdf)
Monthly Statistics By Town