As temperatures drop, so do Connecticut home sales prices... - Reid Real Estate Group

As temperatures drop, so do Connecticut home sales prices…

The last few years have been good for Connecticut home sellers, as prices have finally started heading up yearly with ever increasing buyer demand. However, with fall approaching, the seasonal slowdown is headed our way...

As usual, the market reached it yearly peak in June, with the median sale price at its highest point of $260,000, and marketing time at its lowest at just 59 days. Since June, prices have been falling slightly and marketing times have increased: 

2018 Connecticut Residential Home Sales

The current median home sale price in September 2018 is $245,500 with homes selling in 65 days. While this is a decline from prior months, it is no cause for alarm. This pattern repeats on a yearly basis with spring as the best time to sell, and fall as the best time to buy .

Minna Reid

Minna Reid is 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.

Click Here to Leave a Comment Below

Leave a Reply: