Property Valuation
Vermont's 'months of inventory' metric for housing markets means:
AThe number of months until all sellers close their transactions
BThe number of months it would take to sell all current listings at the current pace of sales✓ Correct
CThe average time a property is listed before going under contract
DThe number of months the market has been in a downturn
Explanation
Months of inventory = Total active listings / Monthly sales rate. A balanced market has roughly 5-6 months of inventory.
Related Vermont Property Valuation Questions
- A Vermont property recently appraised for $400,000. The tax assessor values it at $360,000. The 'assessment ratio' is:
- Which approach to value would be MOST appropriate for a new fire station being built in a Vermont town?
- The sales comparison approach to value is most appropriate for valuing:
- Vermont's 'excess land' in appraisal analysis refers to:
- Vermont's 'land residual technique' in appraisal is used when:
- Highest and best use analysis in Vermont real estate refers to:
- The principle of conformity in Vermont real estate holds that:
- Vermont's 'plottage' principle means that:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →