Vermont housing market

What this means

• Valuation. Prices are 16% above what local incomes have historically supported (this area's pre-2020 price-to-income ratio).
• Prices. Home values are up 1.0% over the past year (U.S.: +1.2%).
• Supply. Listings are 54% below the 2017-19 norm and rising (+8% vs. a year ago): still a tight market.
• Negotiating. Buyer leverage is moderate (49/100; U.S.: 54): homes sell for about 2.1% below their final list price; 21% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 40% of the median household income (U.S.: 35%); it takes about $107k a year to keep the payment at 30% of gross pay. That includes about $1,207 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $103 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. No clear direction: likely −8% to +6% over the next 12 months (54% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.0% to +5.6% (80% range; middle estimate +0.4%), chance of a rise 54%, of a 5%+ drop 17%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

Counties in Vermont

Metros in Vermont