The Burlington, VT metro area housing market in February 2025 presents a complex landscape with varying trends across different metrics. The Median Sales Price has decreased by 3.2% year-over-year, now standing at $449,900. This decline contrasts with the Median List Price, which has risen by 11.1% to $527,499.50, indicating a potential gap between seller expectations and buyer willingness.

The median Price Per Square Foot has increased by 9.2% to $255.84, while the Median List Price per square foot has also seen a rise of 9.1%, reaching $284.69. These figures suggest that while sellers are optimistic about pricing, buyers are negotiating lower final sale prices.

In terms of sales activity, the number of Homes Sold has seen a modest increase of 0.9%, totaling 111 homes. Pending Sales have surged by 16.1%, reaching 159, which may indicate a strong buyer interest that could translate into future sales. New Listings have increased by 6.0% to 160, contributing to a growing inventory, which is up by 14.3% to 320 homes.

The Months of Supply have increased significantly by 40.0%, now at 2.90 months, suggesting a shift towards a more balanced market. The Median Days on Market have risen by 12.0% to 53 days, indicating that homes are taking longer to sell compared to the previous year.

The average sale to list ratio has decreased by 1.2%, now at 98.6%, reflecting a slight reduction in the percentage of the list price that sellers are achieving. The percentage of Homes Sold above list price has dropped by 4.8% to 27.0%, further highlighting the negotiation power of buyers in the current market.

Price Drops have increased by 6.3%, affecting 16.3% of listings, which may be a response to the longer time homes are spending on the market. Additionally, the percentage of homes going off market in two weeks has decreased by 9.0% to 51.6%, suggesting a slowdown in the pace of sales.

Overall, the Burlington, VT metro area housing market in February 2025 is characterized by a divergence between list and sale prices, increased inventory, and a longer time to sell homes. These factors indicate a market that is adjusting to changing buyer and seller dynamics.