As the seasons change in Northwest Vermont, we’re seeing shifts in the real estate market as well. The March 2026 Northwest Vermont real estate market shows signs of renewed activity across Grand Isle, Chittenden, and Franklin counties, with both buyers and sellers adjusting to evolving conditions. The median sales price rose to $467,000, up 11.5% from February but still down 6.4% year over year, while closed sales increased 28.6% month over month to 126 transactions. Homes are moving quickly again, with median days on market dropping to just 8 days, and sellers receiving an average of 98.8% of list price. Inventory remains relatively stable at 393 active listings, with months supply at 3.1, offering more options than recent years but still leaning toward a competitive market. New listings jumped 44.9% from the previous month, signaling a busy spring market ahead.

With inventory rising and homes selling faster, preparation matters more than ever. Whether you’re planning to buy or sell, having a clear strategy can make all the difference. Connect with a local real estate professional to build a game plan tailored to today’s market.

2022 was a turbulent year for the US housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown nationwide. Affordability challenges continue to limit market activity, with pending home sales and existing-home sales down month-over-month and falling 37.8% and 35.4% year-over-year, respectively, according to the National Association of REALTORS^® (NAR). Higher mortgage rates are also impacting prospective sellers, many of whom have locked in historically low rates and have chosen to wait until market conditions improve before selling their home.

New Listings decreased 26.7 percent for single-family homes and 29.4 percent for townhouse-condo properties. Pending Sales decreased 13.4 percent for single-family homes and 40.5 percent for townhouse-condo properties. Inventory decreased 5.4 percent for single-family homes and 22.2 percent for townhouse-condo properties.

The Median Sales Price was down 3.4 percent to $386,250 for single-family homes but increased 12.9 percent to $355,550 for townhouse-condo properties. Days on Market decreased 23.7 percent for single-family homes and 45.7 percent for townhouse-condo properties. Months Supply of Inventory increased 20.0 percent for single-family homes but increased 16.7 percent for townhouse-condo properties.

Economists predict sales will continue to slow and housing prices will soften in many markets over the next 12 months, with larger price declines projected in more expensive areas. However, national inventory shortages will likely keep prices from dropping too much, as buyer demand continues to outpace supply, which remains limited at 3.3 months, according to NAR. Even if prices fall, many prospective buyers will find it difficult to afford a home in 2023, as higher rates have diminished purchasing power, adding hundreds of dollars to monthly mortgage payments.

Considering a move and wondering what your options are this spring? We're here to help. Contact us today.