The Number of Newly Listed Single-Family Homes in Chittenden Saw its First Increase in Several Years

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 Median Sale PriceAverage Sale PriceUnits SoldNewly ListedDays on Market
Single-Family $355,000 (4.4%) $408,814 (7.1%)1,050 (13.2%)1448 (11.3%)47 (-24.2%)
Condos $252,500 (9.5%) $284,854 (8.3%)498 (-0.8%)576 (-15.8%)64 (-2.9%)
Multi-Family $390,000 (3.8%) $477,222 (-5.4%)66 (-25%)119 (12.3%)62 (-18.4%)
Land$130,800 (-3.1%) $167,439 (-26.8%)60 (27.7%)111 (-5.1%)231 (-1.3%)

The number of newly listed single-family homes has increased over 2018, resulting in an increase of 13% in units sold. Still, demand remains strong with homes being on the market for only 6 weeks from list to close. 

Condominiums remain a popular choice among buyers interested in ease of maintenance and more affordable prices as compared to single-family homes. The decline in newly listed condos is likely affected by new construction projects that came on the market during 2018.

If you are considering selling your home – do not wait until spring! Demand and pricing are strong now. Serious buyers are in the market and may be flexible with closing dates in order to secure the home of their dreams.