Connecticut sellers market continues, but prices soften toward year end… - Reid Real Estate Group

Connecticut 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...

ct home sale price chart

Connecticut home sale prices peaked in September at $300,000 and have dropped slightly in October and again in November. The market does significantly cool off every winter in CT so this could certainly be a regular seasonal change after a hot summer market. It could also be a sign that the market is ready to start cooling down for good and favoring buyers again. Only time will tell! 

Last Updated on December 11, 2020 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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