State of the market: 2021 Connecticut Real Estate in Review - Reid Real Estate Group

State of the market: 2021 Connecticut Real Estate in Review

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 REAL ESTATE PRICES

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.

number real estate sales 2021

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.

dom 2021

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 short sales and foreclosures

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?

Is the ct market shifting

Last Updated on January 3, 2022 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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