Is Vermont Becoming a Buyer’s Market? A County-by-County Market Update
The Vermont real estate market has seen significant shifts, leading many to wonder: Is Vermont becoming a buyer’s market? In this market update, we analyze trends in Chittenden, Franklin, Lamoille, and Addison counties to determine whether buyers are gaining the upper hand.
Median Sales Prices Across Counties
The median sales price is a key indicator of market trends. As of now, here’s where each county stands:
Chittenden County: $564,000+
Franklin County: $410,000+
Lamoille County: $500,000
Addison County: $469,000+
These figures indicate a range of price points depending on the county, but do they suggest a shift toward a buyer’s market? Let’s take a closer look.
Housing Supply & Market Balance
A balanced market typically has around six months of inventory. Here’s how Vermont’s counties stack up:
Chittenden County: 2.1 months of supply – firmly a seller’s market.
Franklin County: 3.5 months of supply – approaching a more balanced market.
Lamoille County: 4.1 months of supply – trending towards a buyer’s market.
Addison County: Just under the six-month threshold – could soon become a buyer’s market.
Lamoille County has already crossed the balanced inventory line multiple times, suggesting a transition to a buyer’s market. Addison County is also nearing this threshold, indicating potential changes in the coming months.
Days on Market: How Fast Are Homes Selling?
Another factor in determining market conditions is how quickly homes are going under contract:
Chittenden County: 7 days – still a fast-moving market.
Franklin County: 22 days – slowing down but still active.
Lamoille County: 39 days – indicating a shift toward buyer control.
Addison County: 9 days – inventory limitations may be at play.
Chittenden County remains highly competitive, while Lamoille County’s longer days on market suggest buyers are gaining more leverage.
Will Vermont Become a Buyer’s Market? Predictions & Insights
From this data, it’s clear that the answer depends on location and price range. Certain counties, particularly Lamoille and Addison, show signs of shifting toward a buyer’s market. Meanwhile, Chittenden County continues to favor sellers, with properties moving quickly at competitive prices.
Real estate trends fluctuate with inventory levels and buyer demand. By mid-to-late June, we anticipate more listings entering the market, which could push inventory closer to six months in Franklin and Addison counties, further favoring buyers.
Final Thoughts
The Vermont housing market remains dynamic. If you’re a buyer, Lamoille and Addison counties may offer better opportunities in the coming months. If you’re a seller, properties in Chittenden and Franklin counties are still selling relatively fast.
If you have specific questions about market conditions in your area or price range, feel free to reach out for a personalized consultation.
Thanks for reading, and happy house hunting!
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