{"id":4893,"date":"2025-01-28T12:04:18","date_gmt":"2025-01-28T17:04:18","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=4893"},"modified":"2025-02-28T14:04:48","modified_gmt":"2025-02-28T19:04:48","slug":"early-2025-market-report","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2025\/01\/early-2025-market-report\/","title":{"rendered":"EARLY 2025 MARKET REPORT"},"content":{"rendered":"<hr \/>\n<figure id=\"attachment_4894\" aria-describedby=\"caption-attachment-4894\" style=\"width: 1014px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4894 size-large\" src=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2025\/01\/125-Cambrian-Way-Unit-609-Burlington-VT-1024x576.jpg\" alt=\"\" width=\"1024\" height=\"576\" srcset=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2025\/01\/125-Cambrian-Way-Unit-609-Burlington-VT-1024x576.jpg 1024w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2025\/01\/125-Cambrian-Way-Unit-609-Burlington-VT-300x169.jpg 300w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2025\/01\/125-Cambrian-Way-Unit-609-Burlington-VT-768x432.jpg 768w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2025\/01\/125-Cambrian-Way-Unit-609-Burlington-VT.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-4894\" class=\"wp-caption-text\"><a href=\"https:\/\/www.hickokandboardman.com\/vermont\/special-markets\/one25-cambrian-way-luxury-condominiums-burlington-vermont.html\">One 25 Cambrian Way <\/a>offers modern sophistication in the vibrant Cambrian Rise neighborhood of Burlington, Vermont. This state-of-the-art residence provides stunning views of Lake Champlain and seamless access to downtown Burlington\u2019s energy and attractions.<\/figcaption><\/figure>\n<p><strong>The housing market in 2025 is showing signs of improvement compared to the challenges of 2024 and 2023. While home prices and mortgage rates remain elevated, inventory levels are gradually increasing, offering some hope for buyers who have struggled to find options. Nationally, we expect home sales to grow by about 6% this year, and <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/special-markets\/vermont-new-construction-real-estate.html\">new construction<\/a> is helping ease supply constraints in some areas. For <a href=\"https:\/\/www.hickokandboardman.com\/vermont-property-search-results\/status_active_active-with-contract\/advanced.html\">Vermont<\/a> buyers, the market reflects these trends but faces additional challenges, including high property taxes and limited inventory in sought-after towns.<br \/>\n<\/strong><\/p>\n\n<table id=\"tablepress-589\" class=\"tablepress tablepress-id-589 market_averages tablepress-responsive\">\n<thead>\n<tr class=\"row-1\">\n\t<th colspan=\"3\" class=\"column-1\">Single-Family January-December 2024<\/th><th class=\"column-4\"><\/th><th class=\"column-5\"><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Median Sale Price:<\/td><td class=\"column-2\">Average Sale Price:<\/td><td class=\"column-3\">Units Sold:<\/td><td class=\"column-4\">Newly Listed:<\/td><td class=\"column-5\">Days on Market:<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">$499,000   |   8.5%<\/td><td class=\"column-2\">$576,192   |   8.6%<\/td><td class=\"column-3\">1,778   |   -1.5%<\/td><td class=\"column-4\">2,265   |    7.0%<\/td><td class=\"column-5\">34   |   17.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-589 from cache -->\n\n<table id=\"tablepress-590\" class=\"tablepress tablepress-id-590 market_averages tablepress-responsive\">\n<thead>\n<tr class=\"row-1\">\n\t<th colspan=\"3\" class=\"column-1\">Condos January-December 2024<\/th><th class=\"column-4\"><\/th><th class=\"column-5\"><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Median Sale Price:<\/td><td class=\"column-2\">Average Sale Price:<\/td><td class=\"column-3\">Units Sold:<\/td><td class=\"column-4\">Newly Listed:<\/td><td class=\"column-5\">Days on Market:<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">$375,000   |   4.2%<\/td><td class=\"column-2\">$422,360   |   4.3%<\/td><td class=\"column-3\">669   |   19.9%<\/td><td class=\"column-4\">779   |   20.4%<\/td><td class=\"column-5\">29   |   31.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-590 from cache -->\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/21114028\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/public.flourish.studio\/visualisation\/21114028\/thumbnail\" width=\"100%\" alt=\"Northwest Vermont Median Sales Price &#038; Units Sold Chart\" \/><\/noscript><\/div>\n<h3><strong>Affordability and Opportunities for Buyers<\/strong><\/h3>\n<p>In 2024, affordability was one of the biggest hurdles for buyers, as mortgage rates climbed higher than expected and home prices remained near record highs. Many would-be buyers found themselves sidelined, waiting for conditions to improve. If you\u2019ve been holding off on purchasing a home, 2025 could offer better opportunities as rates are projected to stabilize in the 6.3%-6.6% range and the growth in home prices is expected to slow to about 2% nationally. For those ready to make a move, <a href=\"https:\/\/www.hickokandboardman.com\/moving-to-vermont\/\">Vermont\u2019s unique appeal<\/a> and demand for homes mean it\u2019s still a competitive market, especially in areas with strong job growth and outdoor amenities.<\/p>\n<p>In northwest Vermont, including <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/chittenden-county.html\">Chittenden<\/a>, <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/addison-county.html\">Addison<\/a>, <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/franklin-county.html\">Franklin<\/a>, and Grand Isle counties, the median sale price of a single-family home rose by 9% to a high of $499,000. The number of units sold inched up by 1.5% despite 7% more listings coming on the market. Most regions included in this report saw median sale prices increase between 5-8%, consistent with previous years. For perspective, we have included a graph going back to 2017 to illustrate the effects of supply &amp; demand on the prices of single-family homes across northwest and central VT.<\/p>\n<div class=\"flourish-embed flourish-chart\" style=\"float: left;\" data-src=\"visualisation\/21051551\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/public.flourish.studio\/visualisation\/21051551\/thumbnail\" width=\"50%\" alt=\"Northwest Vermont Median Sales Price by Property Type\" \/><\/noscript><\/div>\n<h3>The Impact of New Construction<\/h3>\n<p>One major trend to watch is the impact of new construction as builders help address inventory shortages. Nationally, newly built homes are expected to account for 30% of available listings this year\u2014double the historic share. In Vermont, where supply remains tight, new developments are crucial for meeting demand. Housing is, rightfully so, a focus for Vermont leaders with proposals for making it \u201cfaster, easier, and less expensive\u201d to build housing being put forth this legislative session. It is estimated the state will need more than 41,000 new homes by 2030 while only 25% of that goal is in the process of actually being planned and built.<\/p>\n<h3>Seller Advantages &amp; Changing Buyer Preferences<\/h3>\n<p>For sellers, the so-called \u201clocked-in\u201d effect might sound familiar. With 75% of U.S. homeowners holding mortgages below 5%, many people are reluctant to sell and trade up to a higher rate. If you\u2019ve been thinking about selling, keep in mind that Vermont\u2019s market remains strong, especially for well-priced homes with modern features. Inventory is still tight, which means less listing competition for your home. This is especially true for well-priced properties in good condition. Life changes, slightly more inventory, and homeowners flush with equity is encouraging more<a href=\"https:\/\/www.hickokandboardman.com\/home-selling\/our-services.html\"> sellers to make a move<\/a>.<\/p>\n<p>Affordability remains a concern, but there are signs of relief ahead. Slower price increases, wage growth, and creative solutions like co-ownership or <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/special-markets\/multi-family-homes-sale.html\">multi-family investments<\/a> are opening new doors for many buyers. About 30% of Millennial renters are now in a position to buy homes, which could drive more activity in the market. For buyers in Vermont, patience and flexibility are key. Exploring financing options, or broadening your search to include nearby communities could make all the difference. In northwest Vermont, the median sale price of condos was $375,000 compared to $499,000 for single family homes. The condo market saw a surge in demand, with significant growth in units sold and new listings coming to market. This may indicate a shift in buyer preference toward more affordable and low-maintenance housing options coupled with an increase in newly constructed units across the region.<\/p>\n<div class=\"flourish-embed flourish-chart\" style=\"float: right;\" data-src=\"visualisation\/21306738\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/public.flourish.studio\/visualisation\/21306738\/thumbnail\" width=\"50%\" alt=\"Northwest Vermont Market Share\" \/><\/noscript><\/div>\n<h3>A Competitive Yet Promising Market<\/h3>\n<p>While the 2025 housing market won\u2019t be without its challenges, there are opportunities for both buyers and sellers. Vermont, in particular, remains a desirable place to live thanks to its quality of life, strong sense of community, and commitment to sustainability. Whether you\u2019re buying your first home, upgrading to meet your family\u2019s needs, or considering selling, staying informed about market trends will help you make the best decisions for your future<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The housing market in 2025 is showing signs of improvement compared to the challenges of 2024 and 2023. While home prices and mortgage rates remain elevated, inventory levels are gradually increasing, offering some hope for buyers who have struggled to find options. Nationally, we expect home sales to grow by about 6% this year, and &#8230; <a class=\"read-more\" href=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2025\/01\/early-2025-market-report\/\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4893"}],"collection":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/comments?post=4893"}],"version-history":[{"count":26,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4893\/revisions"}],"predecessor-version":[{"id":5102,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4893\/revisions\/5102"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=4893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=4893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=4893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}