Rather than do a complete analysis on the heels of the full year analysis we sent last month, we are including the link to the Northwestern Vermont Board of Realtor (NVBR) site with market overview and town statistics. We do want to note one interesting piece of information we saw when looking at Chittenden County single family homes and condos sold in January of 2012 versus January of 2013. The average number of days on market for single family homes decreased from 135 days on market in January 2012 to 97 days - that is a 30% decrease in number of days. The average time on market for condos lowered from 171 days in January of 2012 to only 63 days in 2013! That is a 43% decrease in number of days on market. What is further interesting is that there were virtually the same number of homes sold in the two months. NVBR reports that inventory in Chittenden, Franklin and Grand Isle Counties shrank 30.5%. This is a great sign that we hope will drive prices up. We will keep you posted if we see this trend continue next month.   

  

  

For the NVBR statistics  click here.