CT Market Trends Archives - Reid Real Estate Group

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STATE OF THE MARKET: 2019 Connecticut Real Estate Market Review

2019 was another excellent year for Connecticut sellers as prices kept rising and homes continued to get snapped up quickly. Get the scoop on what’s happening in the CT housing market!2019 Connecticut Real Estate Market Report Connecticut Home Sales:The number of homes sold in CT started rising sharply in 2015. 2019 was another solid year […]

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Will the Connecticut real estate market ever recover from the great housing bust?

CT RELA ESTATE MARKET RECOVERY

Many of today’s home buyers and sellers may not have directly experienced the last Connecticut housing bust almost a decade ago, or even realize we are still recovering. While the market is currently booming here in Connecticut, let’s take a look back at the turns and twists of the real estate market and where we […]

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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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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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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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One in every six Connecticut home sales still a foreclosure or short sale

short sales and foreclosures in CT

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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