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Home prices rise for northern Vermont counties through June 2017

Posted by: Leslie Black-Plumeau on August 29, 2017 - 1:00pm

In each of Vermont's northernmost counties, the median price of homes sold during the first half of 2017 was more than 10% higher than a decade earlier, according to our recent analysis of VT Tax Department data on non-vacation homes. 

Home price data through June 2017 for every town and county in the state was recently added to the Vermont Housing Data website's community profiles

Chittenden County led the state with a 20% increase during the decade, bringing the median price there among all non-vacation homes to $287,000. In contrast, Windham and Bennington counties experienced price declines during the decade of 12% and 10%, respectively.

Rising prices in Chittenden and neighboring counties led the Vermont median home price up to $208,000 during the first half of 2017--a high point for the state so far.

Although some Chittenden County communities have few affordable homes on the market, tools like VHFA's $5,000 ASSIST down payment and closing cost assistance and property transfer tax break can help close the affordability gap for home buyers in many other parts of the state. 

 

 

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