market update

Inventory Soars, Sales Surge: April 2025 Real Estate Market Snapshot for Northwest Vermont

April 2025 Real Estate Market Snapshot for Northwest Vermont

The Northwest Vermont housing market remained strong in April 2025, with 114 single-family homes sold across Grand Isle, Chittenden, and Franklin counties—a nearly 30% increase from last year. The median sales price rose modestly to $516,000, while new listings surged by over 40%, giving buyers more options than we've seen in months. Inventory climbed by 60% year-over-year, yet homes are still moving quickly, with a median of just 7 days on the market. If you're curious how these trends affect your home value or buying power, contact us today for a personalized market update.

March Market Momentum: Home Sales Surge Across Northwest Vermont

Market Statistics For March 2025 In Grand Isle, Chittenden & Franklin Counties

In March 2025, the single-family home market in Grand Isle, Chittenden, and Franklin counties remained active and competitive. The median sales price rose to $520,000, up 5.1% year-over-year, while closed sales jumped 18.8%, signaling strong buyer demand. Homes are moving quickly, with a median of just 6 days on the market—25% faster than last year. Inventory is on the rise, up 31.3%, and new listings surged by 20.2%, providing more opportunities for buyers. Curious what these trends mean for your real estate goals? Contact us today for insights into your local market and expert advice!

Northwest Vermont Real Estate Market Update – February 2025: Prices Surge as Sales Slow

February 2025 Real Estate Market Update Statistics

The Northwest Vermont real estate market saw notable shifts in February 2025, with the median sales price climbing to $539,500—a 24.2% increase compared to last year. Despite this price surge, closed sales dropped by 13.8%, signaling a more selective market. Homes are moving fast, with a median of just nine days on the market, while inventory continues to rise, offering more options for buyers. If you're considering buying or selling, understanding these trends is crucial. Contact us today for a personalized market analysis and expert guidance tailored to your local area!

January 2025 Northwest Vermont Real Estate Market Update – More Inventory, Higher Prices, and Slower Sales

January 2025 Market Update In Northwest Vermont

The Northwest Vermont real estate market in January 2025 saw a median sales price of $490,000, up 7.1% from last year, while closed sales dropped 12%, reflecting a slower start to the year. Active inventory increased 35.3%, giving buyers more options, though median days on the market rose to 22 days—a 10% increase, signaling a slightly longer selling process. New listings also saw a boost, up 13.6%, indicating fresh opportunities for buyers. If you’re thinking about buying or selling, understanding these trends is key. Contact us today for a personalized market analysis and expert guidance on your next move!

Northwest Vermont Real Estate Market Update: November 2024

Graphic showing Real Estate Market Statistics for November 2024

As we head into the winter months, the real estate market in Northwest Vermont continues to shift. November brought some notable changes in single-family home sales that both homebuyers and sellers should pay attention to as they plan their next steps. Here’s a closer look at the latest trends and how they might impact you. Statistics are for single-family home sales in Grand Isle, Franklin, and Chittenden County.

Median Sales Price

The median sales price skyrocketed to $550,000, a significant 16.8% jump from October and a robust 14.6% increase compared to November 2023. For people considering selling, this increase highlights strong home value appreciation in the region, making it an excellent time to list. A higher price point could allow you to maximize your return, especially if your property is in great condition and priced competitively. Homebuyers, however, should plan carefully. While prices are higher, they reflect the strong demand and limited supply in the market, which means acting decisively when you find a home that fits your needs is crucial.

Closed Sales

Number of homes sold fell to 117, a 21.5% decrease from October and a 7.9% drop from last November. For home sellers, this decrease in sales volume signals a slower pace of transactions, which may require extra patience as home purchasers navigate the holiday season. Effective marketing and competitive pricing will help your property stand out. Homebuyers may benefit from the reduced pace as fewer sales could create opportunities to negotiate terms, especially if homes remain on the market longer.

Median Days on Market

The average home in Northwest Vermont spent 13 days on the market, up slightly by 8.3% from October and up 4% compared to November 2023. For sellers, this slight increase means you might need to invest more time in preparing your home to make a strong impression on buyers. However, homes are still selling quickly overall, indicating continued demand for well-maintained, appropriately priced properties. Buyers can use this extended timeframe to their advantage, allowing for a more thoughtful search while still staying alert to high-demand listings that might move quickly.

List Price Received

On average, home sellers received 100.1% of their asking price, a modest 0.2% decrease from October and a 1.1% decline from November 2023. Sellers should interpret this as a sign of a still competitive market where buyers are willing to pay close to the asking price for desirable homes. For homebuyers, the slight dip suggests a bit more room for negotiation, particularly on homes that have been on the market longer.

New Listings

New listings fell sharply to 103, a 42.1% drop from October and a 2.8% decline from last year. For sellers, this lower level of competition could work in your favor, as fewer homes on the market mean your property has a better chance of attracting attention. Buyers, on the other hand, will need to act quickly with fewer new options available. Planning your search carefully and partnering with a local expert can help you navigate this constrained supply.

Active Inventory

Active inventory decreased to 262 homes, a 25.1% drop from October, though it remains 20.7% higher than last November. Sellers should note that while there are fewer active listings compared to the previous month, the year-over-year increase in inventory suggests buyers have more choices than they did a year ago. Buyers benefit from this broader selection, giving them more opportunities to find a property that meets their needs, even in a market with fewer new listings.

Months Supply of Inventory

The months supply of inventory dipped to 2.2 months, down 4.7% from October but up 31.1% from November 2023. While this figure still indicates a seller’s market, the upward trend in inventory compared to last year signals a gradual shift toward more balanced conditions. Sellers should be prepared for longer selling times and potentially more negotiation as the market evolves. Buyers, however, can feel more confident knowing the market is becoming less competitive, offering them more leverage than in the past.

Why Local Expertise Matters

Market trends in Northwest Vermont vary significantly by town and neighborhood. A personalized market analysis tailored to your area can help you make informed decisions, whether you’re buying or selling. Understanding specific pricing trends, competition levels, and market dynamics ensures you’re fully prepared to navigate the process.

Partner with a Vermont Real Estate Expert

Navigating Vermont’s unique real estate landscape requires a trusted local advisor. Whether you’re buying or selling, a knowledgeable real estate expert can help you make sense of the data, anticipate market shifts, and achieve your goals. With insights into local trends and the experience to guide you, a Realtor is your key to success in this competitive and evolving market.

Take the Next Step

Curious about the value of your home or ready to explore your buying options? Contact us today for a customized market analysis and personalized guidance. Let us help you make the most of Vermont’s dynamic real estate market and achieve your goals with confidence.

 

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