Minna Reid - Reid Real Estate Group - Blog

CT REAL ESTATE REPORT: Sellers market still at record highs, but downturn is IMMINENT!


Sellers still on top – for now…Low inventory and low rates have spurred one of hottest sellers markets over the past few years, resulting in record high sale prices and fast marketing times! Home sale prices skyrocket!Connecticut home sales prices are at an all time high, with the state median at $355,000 mid year 2022! […]

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June 13, 2022

Another FHA short sale approved! Find out how this Hamden seller walked away from her problem home debt free!

hamden short sale

A Hamden FHA short sale success!By the time this frustrated Hamden, CT homeowner called me, she had already spent months evicting her non paying tenant, followed by even more time trying to get a short sale approved unsuccessfully with another Realtor. She was at her wits end but decided to give it another try.  A […]

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Foreclosures start to creep back into the Connecticut real estate market…

foreclosures in ct

In March 2020 as part of the CARES ACT a moratorium on foreclosures on all federally backed loans in the USA due to the covid-19 pandemic. The moratorium was subsequently extended multiple times until its final expiration 17 months later in July 2021.  August 2021 marked the return of most foreclosures.  the CT foreclosure market […]

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Connecticut housing starts of 2022 with another solid sellers market!

JANUARY 2022 real estate report

January 2022 Connecticut Market Conditions:The last few years have been a huge win for sellers in Connecticut, and 2022 is starting off with more of the same! January Home Sale Prices:Prices YTD rose 5% over 2021.The median home sale price rose 5% year over year to $300,000 in 2022. January New Listings:New listing inventory is […]

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January 31, 2022

Stratford CT FHA short sale success!

startford short sale

Out of money and out of  time!After years of struggling to keep up with his mortgage payments unsuccessfully, this Stratford homeowner decided it as time to cut his losses and attempt to avoid his upcoming foreclosure by pursuing a short sale.  Challenges:Although FHA loans have very predictable, clean  short sale process (FHA PFS), Freedom Mortgage can […]

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