2017 Vermont housing activity will remain similar to that of 2016. Whereas Burlington is a seller’s market, reporting a 22 percent decrease in average days on market, more rural areas like Manchester will remain a buyer’s market. A mix of second-home, first-time and move-up buyers are attracted to this state.
Average days on market is not expected to change much across the state in 2017. Major cities, like Burlington, are expected to have lower inventory, and it is predicted rural areas will have higher levels. Units priced below $300K will remain the hottest in the state, as affordability is a key driving factor here.
Both average residential sales price and average days on market have remained relatively steady across Vermont over the last four years. These trends will likely continue into 2017, with a healthy mix of residential and second homebuyers driving sales across the state.