The Vermont real estate market continued to see movement in February, with notable shifts in inventory, pricing, and luxury sales. While active listings dipped slightly, the number of homes under contract and the total sales volume saw strong year-over-year growth, signaling a competitive landscape as we edge closer to the spring market. Let’s dive into the numbers and what they mean for both buyers and sellers:

Inventory Dips, But Buyer Activity Holds Steady

Active listings fell 7.14% from February of last year and 6.73% from January of this year, tightening the available inventory for buyers. Despite this, pending sales remained steady, and total properties under contract rose 12.85% year-over-year, indicating that buyers are still active and taking advantage of opportunities.

Closed sales also showed a nearly 10% increase from last February, though they were down 11.23% from January, likely reflecting seasonal trends.

Home Prices Climb as Market Dynamics Shift

• Average sale price: $548,109 (+20.01% YoY, +5.34% MoM)

• Median sale price: $412,500 (+10.00% YoY, -8.33% MoM)

• Days on Market (DOM): 47 days (+14.63% YoY), Median DOM: 19 days (+35.71% YoY)

While average sale prices jumped significantly from last year, median prices saw a more moderate increase, suggesting a mix of higher-end sales pulling averages up. Homes are taking a little longer to sell, with average days on market increasing to 47 days—giving buyers a little bit more time to make decisions.

Luxury Market Sees a Surge

The high-end market was especially active in February, with 15 homes selling over $1M—nearly double last year’s 8 sales. This is also a significant increase from January’s 11 $1M+ sales, showing growing momentum in the upper-tier market. The highest-priced sale of the month closed at $3.2M, compared to $2.8M in January and $2.54M last February. 

What This Means for Buyers & Sellers

• Sellers: Pricing remains key. With inventory tightening, well-presented homes are still moving, but longer market times mean patience is important. If you’re considering listing, now is the time to prepare for the busy spring market.

• Buyers: Higher prices and limited inventory mean competition is picking up. However, with more time on the market for some listings, there may be room for negotiation—especially before demand intensifies in the spring.

As always, whether you're thinking about buying or selling, we’re here to help you navigate the market. Reach out anytime with questions!

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