Connecticut sellers see 2021 start off with a bang! Home sales prices reach new record high!
Connecticut home sales hit a new peak so far in 2021 with a YTD median sale price of 285,000! Not only is this a new all time high median sale price, but homes are selling for 20% more than they did in the same period just a year ago! With spring selling season just around […]
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Another happy home seller flees CT for Florida!
“Minna was the best thing that happened to us in a very long time. We’ve been planning on moving from our house and on with our lives and the house was simply an anchor. We’ve had two liens on the house that would take a long time to cure and we were forced to sell […]
Continue readingWill the Connecticut housing market crash in 2021?
While the Connecticut sellers market rages on, trouble lies ahead! Ken McElroy breaks it down by the numbers! It’s only a matter of time before the market shifts, but you still have time! If you’ve been waiting for the right time to sell, here it is! WANT TO KNOW WHAT YOUR CT HOME COULD SELL […]
Continue readingCT distress shadow inventory looms behind a raging sellers market…
Connecticut sellers can celebrate another year of drastic price increases and a strong sellers market! Despite the massive economic losses caused by the governors coronavirus lockdowns, the Connecticut housing market continues to boom! But…for how long?2021 sets off with a new record median sales price of $287,000! Home sale prices jumped 15% year over year […]
Continue readingConnecticut Real Estate Market sets new record highs in 2020!
It’s been a long road to recovery in Connecticut! Well behind other states, real estate prices in CT have taken over a decade to recover, but we are finally there and onto a new high!Home sales prices in CT reached a new record high of $279,900 in 2020!Homes sold in a median of 40 days, […]
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When do forbearances end and foreclosures resume?
When do the CARES Act protections end?The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) was enacted in March 2020 and contains provisions to help borrowers with federally backed mortgage loans get through pandemic related financial challenges. But 9 months and many extensions later, the various federal agencies are taking a piecemeal approach to […]
Continue readingConnecticut sellers market continues, but prices soften toward year end…
It’s been a crazy year in the Connecticut real estate market! Endless buyer demand and rising prices have led to a phenomenal year for sellers! But while home sale prices reach a record high in September, the final quarter of 2020 shows some decline… Connecticut home sale prices peaked in September at $300,000 and have […]
Continue readingWoodbridge, CT Market Report: While state sees record home sale prices, Woodbridge market flatlines.
While home owners in many towns state wide are enjoying explosive home value growth, Woodbridge, CT home owners can’t join the party quite yet! Woodbridge home sale prices haven’t changed significantly for most of the last 5 years and are currently at a year to date median of $413,000:Although there has been a slight uptick of […]
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Over $100,000 forgiven in Ridgefield, CT short sale!
Upside down with no way out!After numerous failed attempts to sell their Ridgefield home, my clients were forced to accept that their property simply would not sell for the amount they needed to pay off their FHA mortgage. Like many of CT’s most expensive towns, Ridgefield has been experiencing a downward trend in home sale […]
Continue readingConnecticut home sale prices finally recover from bust of great recession!
It took 13 long years, but Connecticut home sale prices have finally returned to the peak of the last market cycle in 2007! The median home sale price in Connecticut in 2020 so far is $270,000! Connecticut is one of the last states in the nation to finally get back to pre-bust pricing. But what’s […]
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