Economic uncertainty and volatile financial markets didn’t slow what turned out to be a fast start to 2025. During Q1 LandVest’s new listings, and total available listings, were both considerably higher compared to the same time last year. Our inventory has been growing steadily and will continue to rise in the coming weeks when warmer weather brings many of our unique coastal, lake, and mountain properties off the sidelines and onto the active market.
Those properties already on the market have been finding willing buyers. So far, LandVest’s sales are up 10 percent over 2024, and sales are also delivering greater value to sellers thanks to a higher average sales price than last year. In fact, the total value of our available inventory is up a healthy 24% compared to Q1 2024, creating optimism for continued growth and opportunities for buyers as spring moves into summer and the New England housing market truly heats up.
Some New England Markets Buck Trends
It’s important to remember that there is no homogenous real estate market. Instead, a look at national data over time reveals many distinct markets that vary widely, and even at different price points within any specific area.
Currently many of our New England markets are displaying notable resilience compared to wider national trends by remaining favorable to sellers.
During the run-up to the peak in home values of 2022, strong seller markets were the norm across the U.S. But in 2025 things have changed significantly and, in many cases, deteriorated considerably for sellers who have seen prices fall from that peak. Right now markets in many parts of the United States, notably the Southeast, have shifted to the benefit of buyers due in part to high inventories.
However, it’s a different story, or stories, in New England and New York. Although regional inventories have risen over the past year, they remain significantly lower than pre-pandemic levels, as much as 45 to 60 percent lower. Paired with sustained buyer demand, this has created some of the strongest opportunities for sellers nationwide—and that’s especially true in some of our $1M+ markets.
Greater Boston and eastern Massachusetts, New Hampshire, and southern Maine are great examples of regional markets where the balance sheet remains tipped towards sellers of $1M+ properties.
As one moves further away from Boston the story changes a bit. Vermont, the Adirondacks, Maine’s Midcoast, and Mount Desert Island are among the locales seeing high inventories of high-end listings in the $1M+ space. As a result, buyers looking to acquire property in these desirable destinations are enjoying more choices, and a bit more bargaining power as well.
Our regional offices are home to agents with the local knowledge and experience to help both buyers and sellers navigate the nuances of all these different markets, setting the stage for continued success in 2025.
