Tag Archives for " CT Market Trends "
November 12, 2018
Connecticut homes sell at record speed in 2018 and sales prices soar!
Connecticut has seen home inventory diminish with endless buyer demand in the past few years.So far in 2018, Connecticut median home marketing time dropped to just 33 days, and the median home sale price rose 5% over 2017 to $240,000:CONNECTICUT RESIDENTIAL HOME SALE TREND:Connecticut’s real estate values have been much slower to rise than most of […]
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September 12, 2018
As temperatures drop, so do Connecticut home sales prices…
The last few years have been good for Connecticut home sellers, as prices have finally started heading up yearly with ever increasing buyer demand. However, with fall approaching, the seasonal slowdown is headed our way…As usual, the market reached it yearly peak in June, with the median sale price at its highest point of $260,000, […]
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July 25, 2018
Despite slight drop in 2018, rate of short sales and REO sales remains high in Connecticut
Market share of Connecticut distress property sales dropped slightly to a rate of 15% so far in 2018. 1 in every 7 sales in the state is currently a short sale or an REO sale (bank owned foreclosed property). 2018 Connecticut short sale and foreclosure market report:Short sales currently account for 2% of home sales and REO’s for 13%. This […]
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April 3, 2018
One in every six Connecticut home sales still a foreclosure or short sale
16% of all homes sales in Connecticut are short sales or REO sales (bank-owned foreclosure). Despite improving market conditions for Connecticut sellers over the last several years, plenty of distress properties still remain in the market:While buyer demand continues to rise and inventory is low, prices have only slightly improved over the last several years. […]
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January 11, 2018
It’s time to start getting your CT home ready to go on market!
The Connecticut market has been heating up for a few years and expect 2018 to be no different!Inventory has been dropping for several years as buyer demand has continued to increase and we are currently headed towards the busiest buying season of the year. 2017, very much like most years, shows this annual trend – […]
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January 2, 2018
As CT home marketing times fall to decade low, sales prices head up in 2017!
The Connecticut real estate market has been very slow to recover since crashing about a decade ago. The last few years seem promising as continued buyer demand, coupled with decreasing home inventory have led to CT single family homes selling faster and prices finally moving upward. 2017 saw home marketing times fall to a decade low […]
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November 29, 2017
2017 Connecticut Short Sale and Foreclosure Report
2017 sees market share of CT distress property sales drop slightly to a rate of 15% YTD. 1 in every 7 sales in the state is currently a short sale or an REO sale (bank owned foreclosed property). Short sales account for 2% of sales and REO’s at 13%: 2017 sees market share of CT distress […]
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August 28, 2017
Want to know the very best time to sell your CT home?
“When is the very best time of year to sell my home?” When given the luxury of selling your home at any time of choosing, my answer is always the same: List your CT home in early spring – March to May. The most active season with the most opportunity to get in front of the […]
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August 28, 2017
What’s the average time it takes for a CT home to sell?
Many Connecticut home sellers are under the impression that it should take a long time to sell….that most sellers sit on market for a very long time. The current average days on market for homes that are currently listed in Connecticut (read: NOT sold) is in fact 135 days. However, the average days on market for […]
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