by Minna Reid

March 2, 2020

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Connecticut sellers are enjoying the start of what appears to be another great year!

While homes are staying on market for a median of 66 days which is a little longer than the last few years, inventory is down and most importantly, PRICES ARE RISING!

Home sale prices in 2020 are up almost 10% over the prior year at a median of $235,000:

With the best selling season of the year just getting underway, this is sure to be a fantastic spring for Connecticut home owners!

WHAT'S YOUR CT HOME WORTH?

Last Updated on March 2, 2020 by Minna Reid

CT Market Trends

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About the author

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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testimonials

Minna Reid - Reid Real Estate Group

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Kelly Turnage

01:47 24 Apr 22

Minna Reid was just who I needed to help me sell my home. She is highly experienced and knows exactly what must be done in order to sell a home facing foreclosure. Minna is diligent and knowledgable when dealing with the bank which are skills that not every realtor has. My only regret is that I did not find her sooner!

Liz Smith

21:52 17 Oct 21

I inherited my father's house and was in completely over my head. Minna was able to talk me through the selling process, answered all the questions I had, worked with the mortgage company (which had been giving me issues for years), and sold my house in less than a month! I am incredibly happy with my choice to go with her as my listing agent and am so thankful I found her online!

Dan Ling

17:13 29 Apr 21

Minna has been a fantastic partner in selling our home. She was patient with us in explaining the differences between a short sale and conventional sale and helped us think through the pros and cons of each. During the process of the sale she was strategic and got us the best price for our sale. The process was painless and quick and every step of the way she managed each and every detail flawlessly.

Marcin Rafalowicz

02:52 24 Feb 21

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 the house to settle with the bank. I’ve looked around for someone who specializes in short sales, not just an agent that did 2-3. The process took a while, but Minna was super persistent, and her strategic approach was close to none. We have lost two buyers, got a push backs from the bank and lean holders and she was able to stay on top of it and at the same time, she kept us afloat emotionally. Because of her, we were able to leave CT and move to FL where we are currently waiting for our new place. Warm thank you to Minna and her team for doing what they do best. Marcin with family.

Sarah Woodbury

21:52 13 Sep 20

I reached out to Minna when we were first considering a short sale. I didn’t know much about the process or how it worked so naturally I had a ton of questions. She answered all of my questions as well as explained the process in detail so I would know exactly what to expect. Several months later, we kicked off the sale. I had heard so many horror stories about what can go wrong in a short sale so I was very uneasy. With Minna’s expertise the process was so much smoother than I could have ever anticipated! It was just over three months from the time we listed to closing (which is fast for a short sale)! Minna’s responsiveness and dedication along the way was a huge asset!! It’s because of her that our family is able to put the past behind us and move on to bigger and better things! I highly recommend her!

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Connecticut real estate market off to strong start in 2020!

Connecticut sellers are enjoying the start of what appears to be another great year!

Home sale prices in 2020 are up almost 10% over the prior year at a median of $235,000:

Minna Reid

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