2021 was fantastic year for Connecticut sellers as they saw home sale prices skyrocket, in another record setting year! A look at the market of 2021:
CT MARKET REVIEW 2021
CT Home Sale Prices
Home sale prices are up 30% over the last decade and are currently at an all time median high of $310,000.
Sales volume is also up!
The number of yearly home sales has also nearly doubled since 2012, which was the lowest point in the market following the last crash.
Marketing time for homes is at an all time low.
Connecticut homes are selling faster than ever at an average of just 24 days!
CT Distress Sales
Short sales and sales of foreclosed homes were at an all time low in 2021, due to the extended moratorium on foreclosures.
WHAT'S UP NEXT FOR THE CONNECTICUT MARKET?
While the year behind us was certainly extraordinary, what goes up must eventually come down! All signs point to an inevitable shift. The only question is WHEN?
Last Updated on January 3, 2022 by Minna Reid