Another record breaking month for CT sellers! - Reid Real Estate Group

Another record breaking month for CT sellers!

The Connecticut spring market is in full force! Buyers continue to compete over limited home inventory, pushing prices ever higher!

Connecticut home sale prices reached a record median high of $305,000 in April 2021 - the strongest April on record ever, and a 25% jump in a year: 

graph of CT med sale price 5 years

Homes are moving faster than ever! Homes in CT are currently selling in just 24 days!

Ct homes days on market

Inventory is starting to increase! While there is still a shortage, more sellers are listing again, with April levels starting to approach pre-pandemic levels:

CT New listings graph

So what's up  next? While we are currently reaching new heights in market history, a look back shows a recurring cycle since 1975: What goes up, must come down!

ct historical sales prices

We never actually know when we've hit the peak until its passed. If you're in it for the long term, you'll be fine! But if you've been looking for the right time to sell, this is most definitely it!

Last Updated on May 19, 2021 by Minna Reid

Minna Reid

Minna Reid is The Broker - Owner of Reid Real Estate Group. Reid Real Estate Group is a full-service Connecticut residential real estate brokerage, specializing in helping homeowners with legal and financial challenges including short sales, probate sales and tax lien complications.

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