The Vermont housing market in January 2025 presents a dynamic landscape characterized by notable increases in several key metrics, alongside some areas of decline. The Median Sales Price has risen to $414,400, marking a significant year-over-year (YoY) increase of 6.9%. This upward trend in sales prices is further supported by the median Price Per Square Foot, which has surged by 12.4% YoY to $252.00.

In contrast, the Median List Price has experienced a more modest growth of 1.9% YoY, reaching $452,900. Similarly, the Median List Price per square foot has increased by 2.9% YoY to $260.00. These figures suggest a competitive market where buyers are willing to pay more per square foot, even as list prices grow at a slower pace.

The volume of Homes Sold has increased by 9.5% YoY, with 440 Homes Sold in January 2025. Pending Sales have seen a slight rise of 0.6% YoY, totaling 546. New Listings have also grown by 5.4% YoY, reaching 492. This increase in activity is mirrored by a substantial rise in inventory, which has jumped by 28.9% YoY to 1,828 homes. The Months of Supply have expanded significantly by 70.0% YoY, now standing at 4.20 months, indicating a shift towards a more balanced market.

The Median Days on Market have increased by 20.0% YoY to 84 days, suggesting that homes are taking longer to sell compared to the previous year. The average sale to list ratio has slightly decreased by 0.5% YoY to 97.1%, indicating that homes are selling closer to their list prices. The percentage of Homes Sold above list price has dropped by 6.1% YoY to 20.0%, reflecting a cooling in competitive bidding scenarios.

Price Drops have increased by 2.8% YoY, with 16.0% of listings experiencing reductions. Additionally, the percentage of homes going off the market within two weeks has decreased by 7.7% YoY to 30.9%, further highlighting the extended time properties are spending on the market.

Overall, the Vermont housing market in January 2025 exhibits a mix of growth and stabilization. While sales prices and activity levels are on the rise, the extended time on market and increased inventory suggest a shift towards a more balanced environment, offering opportunities for both buyers and sellers.