New Haven County, CT Market Report: Sellers market continues in 2020! - Reid Real Estate Group

New Haven County, CT Market Report: Sellers market continues in 2020!

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It's been a few good years for New Haven County home owners and the market is headed off to a great start in 2020!

THE GOOD NEWS FOR NEW HAVEN COUNTY SELLERS

Year to date sales of New Haven County homes are up to their highest point in a decade in 2020:

Home sale prices in New Haven County just keep climbing! The current median sale price for the period is also at a decade high at $195,000:

new haven coutny sales price graph

THE NOT SO GOOD NEWS FOR NEW HAVEN COUNTY SELLERS

New Haven County homes are staying on market longer than previous years, and the days to sell keeps climbing. This could be just a slow start to the year, or a sign of a drop in buyer demand:

new haven county days on market

While the market in New Haven County has been improving significantly and is at a decade high, the market still has not fully recovered the last real estate bust and home sale prices are still 15% below those seen in 2006:

New Haven county since 2006

WHAT DOES IT ALL MEAN FOR MY NEW HAVEN COUNTY HOME SALE?

If you're waiting for the time to sell, this is certainly it! You never know what may happen next but it is definitely a sellers market right now! And while most sellers are looking at selling for a profit, many New Haven County homeowners are still in the red, without the equity to sell at a profit. We can help!

short sale graphic

New Haven County includes Ansonia, Beacon Falls, Bethany, Branford, Cheshire, Derby, East Haven, Guilford, Hamden, Madison, Meriden, Middlebury, Milford, Naugatuck, New Haven, North Branford, North Haven, Orange, Oxford, Prospect, Seymour, Southbury, Wallingford, Waterbury, West Haven, Wolcott, and Woodbridge.

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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