2016 HIGHLIGHTS
BURLINGTON, VT
-5.97%
AVERAGE RESIDENTIAL SALES PRICE: $297,670
-22.07%
AVERAGE DAYS ON MARKET: 60
Mixed Markets in Vermont

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.

Various Vermont Trends

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.

+16.66
MONTPELIER, VT
2016 NUMBER OF UNITS SOLD
[ 168 ]

Single-family Preference

Across the board, single-family homes drive sales in this state, however condos are on the rise in Burlington. Buyers continue to be attracted to Vermont for the quality school systems and its positive environment for raising a family.

A Mixed Market

Vermont has a unique mix of buyers, including first-time, move-up and second-time buyers. Millennials continue to flock to thriving areas like Burlington for job opportunities whereas quieter areas like Manchester appeal to empty nesters and second-time buyers.

The Luxury Landscape

A strong interest in a second home is prevalent in areas like Manchester, where buyers seek vacation homes in the mountains for skiing. Brokers foresee a rise of interest in luxury condos in Burlington in 2017, as millennials opt to buy rather than rent.

STATEWIDE TRENDS

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.

FEATURED MARKETS

Click the states below to explore market trends

CONNECTICUT

MASSACHUSETTS

NEW HAMPSHIRE

RHODE ISLAND

VERMONT