The Killington real estate market is in a holding pattern


The town of Killington tax reassessment is looming large over the local real estate market. Preliminary valuation letters were distributed to real estate owners

in early March, and an audible gasp was heard across town. The last time real estate values were officially assessed was 2011, and a LOT has changed since then. It is not unusual if the updated value is more than 2X or 3X the previous amount. The impact on tax bills is still unknown and is pending approval of the town budget, which did not pass at the March Town Meeting and needs to be re-voted. Additionally, property owners were offered the opportunity to have their new assessments reviewed at a meeting with a representative from the firm responsible for the valuation. Results of those meetings are still pending. It is likely property owners will not know the impact of the reassessment on their 2026/2027 tax bills until June.


In the meantime, the real estate market is in somewhat of a holding pattern.


  • Inventory levels are similar to last year at this time, with a total of 41 properties currently listed:
  • 14 homes are currently listed compared to 8 at this time last year
  • 19 condos are on the market compared to 17 last year
  • 8 parcels of land are listed compared to 11 last year


  • Sales volume was down 17% compared to the 1st quarter of 2025 in Killington. There were a total of 20 sales in the 1st quarter of 2026 (compared to 24 sales in 1Q25):
  • One house
  • One vacant lot
  • Eighteen condos


  • Total market revenue was a little more than $11 million in 2026, down dramatically compared to 1Q25 ($18 million) and the lowest it has been since ‘23.


The tax reassessment and corresponding tax bills may incent property owners to list their homes, potentially increasing inventory and putting pressure on prices. Buyers are showing patience, awaiting the tax change impact.


Continue reading here.



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