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The Northwest Vermont REALTOR® Association (NVRA) has released their Real Estate Market Report for February 2023. This includes three northern VT counties. The Northern VT report covers total listings, pending sales, days on market, closings and more.

In short, sales are “less” down, just -22% over this month last year for closed property and -6.6% for property for sale in that time period. The median sales price for VT single family homes is still up 17.3% for all properties over this month last year at $427,000, while the median sales price for VT townhouse-condo properties is at $340,000, up 9.7% over this month last year. Meanwhile, the 2.6% increase in homes for sale over this time last year?  That works out to four additional properties.

There is good news for buyers who like to at least sleep on it, before making an offer. The average days on market (“DOM”) for listed properties has increased from 37 to 49 days since this month last year. Still, many buyers are seeing DOM of closer to five, for highly preferred properties in excellent condition.

Read the full results in the NVRA VT summary report here or a quick-view infographic here.


[Read more about Selling your VT property here.]

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