May 2025 Vermont Market Update

May 2025 Vermont Real Estate Market Update

Spring continued to bring energy to the Vermont real estate market, with strong sales activity, shifting price trends, and a noticeable jump in higher-end closings. Let’s break down what happened in May—and what it could mean as we move into the summer season.

Buyer Activity Remains Strong as Prices Shift

Inventory continues to rise, up 16.35% year-over-year and a significant 42.71% jump from April, giving buyers more homes to choose from than they’ve seen in a while. Despite that increase, buyer demand hasn’t let up: 358 properties went under contract, up 24.74% from last May and 28.32% from April.

Closings also climbed, with 262 sales—a 10.08% increase year-over-year and up 22.43% month-over-month. Total sales volume reached $148.4M, showing a solid 28.10% boost from April, even with some softening in average prices.

Price Trends + Market Adjustments

• Average Sale Price: $566,539 (↓ 6.13% YoY, ↑ 4.63% MoM)

• Median Sale Price: $481,000 (↑ 4.57% YoY, ↑ 0.74% MoM)

• Average DOM: 37 days (↑ 32.14% YoY, ↓ 22.92% MoM)

• Median DOM: 9 days (↑ 28.57% YoY, ↓ 18.18% MoM)

Homes are still selling at a healthy pace, but they’re sitting a bit longer than they were this time last year. With more inventory to choose from, buyers may be opting to be a bit more selective, or take a little extra time to weigh their options and make decisions.

Homes are also selling for an average of 1.01% below their list price, compared to 0.41% above list last May.

One standout trend this month? 218 homes had price changes in May, a 39.74% increase from April. This suggests many sellers are adjusting to match buyer expectations—and pricing it right from the start is becoming more important than ever. On the flip side, the number of homes coming back on the market dropped by 30%, meaning more deals are staying together once under contract.

Luxury Market: Upward Momentum Continues

The upper tier of the market picked up again in May, with 21 homes closing over $1M, compared to 19 last year and just 9 in April. The highest sale for the month came in at $2.52M, and the average list-to-sale ratio in the luxury space hovered just under 90%, signaling that even at the top of the market, pricing strategically matters.

👀 Quick Take: What to Know This Month

• 📊 Inventory is rising—and buyer activity is keeping up.

• 💸 Price changes spiked 39%—sellers are adjusting to meet the market.

• ⏳ Homes are selling a bit slower than last year, with more buyer selectivity.

• 💰 Luxury market is hot again, with $1M+ sales more than doubling from April.

• 📉 Average sale price dipped YoY, but sales volume and pending activity remain strong.

What This Means for Buyers & Sellers

Sellers: More inventory means more competition, so thoughtful prep and strategic pricing are key. If you’re aiming to sell this summer, now is the time to make your move while buyer demand remains high.

Buyers: With more choices and some softening in pricing, there’s opportunity—but homes are still going under contract quickly. Be ready to act when the right one comes along.

✅ Ready to talk strategy or get a sense of your home’s value?

Use our free home value tool or reach out anytime—we’re happy to help you navigate your next steps with clarity and confidence.

**The market data used in this update is from single-family homes and condos in Chittenden, Franklin, Lamoille and Washington counties.