Vernon Real Estate Market Extends Increase in Contracts

The Vernon market was steady this week as sales remained at one home over the prior 30 days, but the area is experiencing a new upward trend of contracts closing, now up to zero. As contracts trended higher, the median sales price climbed with it, trending upwards for four weeks to reach $635,000. In spite of the decrease in sales, the lack of inventory signals that Vernon is still a strong seller's market.

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Demographic facts about Vernon:

  • This area has a population growth rating of 65. (Scale: 1 = Worst, 100 = Best)
  • For every 100,000 people there are 257.5 physicians.
  • The health cost index score in this area is 110.6. (100 = national average)
  • 48.2% of the residents travel to work in an automobile, 6.3% via carpool, and 18.6% by way of public transit.

Data reported through 10/12/2016


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