Year to date, the Killington real estate market has generated $48.4 million in total sales revenue, up nearly 10% from the same period last year. This increase has been largely driven by higher sale prices for single family homes, even as overall sales volume declined. The number of single family homes sales was essentially flat compared to last year while condo sales volume dropped more than 10% and land sales volume dropped substantially to pre-Covid levels.
Home sale prices returned to 2023 levels, rising 61% over last year, and once again surpassing an average of $1,000,000. Condo prices saw a more sustainable rise of about 4%, contributing to solid market performance across property types.
Properties, across the board, remain on the market longer before selling than they were a year ago. This shift could signal changing buyer behavior and/or greater price sensitivity in the current market environment.
There are currently eight condos and four single family home sales pending, priced as low as $119K and as high as $1,850,000.
For sellers, pricing competitively and preparing the property effectively are more important than ever with rising inventory and properties taking longer to sell. For buyers, more choices and longer days on market may offer greater negotiating power, especially with motivated sellers.
If you're considering selling, now is the time to get a current market analysis—contact us!