Is Inventory Finally Increasing in Chittenden County?
As we move into the heart of the spring real estate market, one of the biggest stories unfolding across Chittenden County is not simply about pricing. It is about inventory. This month’s market update focuses on what we are calling “Save Our Inventory” because the balance between new listings and buyer demand is beginning to shape what may happen next for home prices in Northwestern Vermont.
Understanding this shift can help both buyers and sellers make more confident and strategic decisions as the 2026 market continues to evolve.
A Pricing Adjustment That Reflects Market Recalibration
Median sales prices saw a noticeable shift compared to last month. The overall median price came in at approximately $434,500. This is down from roughly $499,000 in the previous month.
Single family home prices also adjusted. The median moved from about $558,000 to approximately $522,000. Condominium prices experienced a more significant change, moving from around $394,000 to roughly $327,000.
At first glance, month to month changes like these can feel dramatic. However, pricing shifts often reflect the mix and type of homes that closed rather than a fundamental change in overall market strength. When viewed through a longer term lens, home values in the region remain elevated and continue to be supported by limited housing supply. This suggests the market may be recalibrating as inventory begins to slowly improve.
Inventory Is Beginning to Build, But Gradually
New listing activity showed modest growth this month. There were 118 new homes listed compared to 115 in the previous month. Single family inventory remained especially tight with 62 homes listed in both periods. Condominium listings increased slightly from 53 to 56.
Compared to the same time last year, overall inventory levels are still constrained. After several years of severe shortage, even small increases in supply can feel meaningful. What we are likely seeing now is the early phase of rebuilding housing inventory rather than a surge that would dramatically alter pricing trends.
Months of Supply Signals a Transitional Moment
Months of supply increased from approximately 2.4 months to about 3.2 months overall. This represents a meaningful shift and is an important indicator to watch as the spring market unfolds.
Single family supply rose only slightly from around two point two months to two point four months. This still represents a competitive environment that historically supports price stability. The condominium segment showed a more noticeable change. Supply increased from roughly 2.7 months to about 4.5 months. This begins to approach more balanced market conditions and could lead to softer pricing momentum if the trend continues.
Although inventory has improved compared to last year, the market has not yet moved clearly into buyer advantage territory.
Buyer Demand Returns With Momentum
Pending sales activity increased significantly this month. Homes going under contract rose from 86 to 121. Single family contracts increased from 49 to 74. Condominium contracts rose from 37 to 47.
This pattern reflects what has been seen in recent years. Periodic increases in listings are often followed by strong buyer absorption. When demand keeps pace with supply, upward pressure on pricing can remain intact.
What These Trends Could Mean for Home Prices
Pricing direction in the Vermont real estate market is influenced not only by current statistics but also by the trajectory of inventory relative to buyer demand. If supply continues to increase throughout the year, especially within the single family home segment, price growth could moderate or flatten.
However, if buyer activity strengthens, particularly if mortgage conditions improve, the market could tighten quickly again. At this moment, Northwestern Vermont appears to be in a transitional phase. Inventory is improving but has not yet outpaced demand.
What We Are Seeing Locally Right Now
In day to day activity across Chittenden County, competition remains present in key price ranges. New sellers are entering the market, yet active buyers continue to monitor opportunities closely and act quickly when the right home becomes available. In some cases, properties that had been quiet for months are suddenly experiencing renewed showing activity and multiple offers.
Demand for well priced single family homes between $400,000 and $700,000 remains particularly strong.
Looking Ahead at the 2026 Market
Inventory trends will likely be the most important factor to watch as the year progresses. If mortgage rates decline, additional buyers could enter the market and increase pressure on available supply. On the other hand, if new listings expand significantly through the spring and summer, market conditions could gradually shift to create more balance for buyers.
Either scenario highlights the importance of monitoring inventory growth and understanding how quickly new homes are absorbed by the market.
The Bottom Line for Buyers and Sellers
Inventory is attempting to grow while buyer demand remains active. The interaction between these forces will help shape pricing trends for the remainder of the year.
For sellers, this environment may still present an opportunity to enter a market with limited supply and motivated buyers. For buyers, improving inventory levels could provide more choice and potentially better negotiating conditions in the months ahead.
If you are considering buying or selling in Chittenden County, creating a thoughtful plan based on current market dynamics is essential. Connecting with Catalyst Realty Collaborative can help you better understand your options and take the next step with confidence.
Stay tuned for next month’s market update.
