Norwich VT Home Sale Trends
The Norwich VT Home Sales trend show a market that has seen a substantial decrease compared to same time period in 2015.
New Listings in Norwich VT Real Estate Market had a 40.74% drop with only 32 year to date (YTD) in compared to 54 new listings in 2015.
Homes Sold in Norwich VT Real Estate Market also saw a drop of 75.75%, with 8 sold YTD compared to 33 sold in 2015.
As expected with the drop in homes sold in Norwich VT; the volume sold also dropped 78.68% YTD 2016 ($3,607,124 vs 16,921,956)
The Norwich VT average sale price also fell to 450,890.50 (2016) compared to 512,786.55 (2015) a decrease of 12.07%.
The Norwich VT Real Estate Market also saw a 5.88% decline in the median sales price from 425,000 in 2015 to 400,000 in 2016.
Norwich VT homes did sell faster in 2016. The days on market dropped from 86 in 2015 to 72 in 2016, which shows a 16.51% decrease to the time on the market.
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