Tag Archives for " CT Market Trends "
August 8, 2019
STATE OF THE MARKET: Connecticut Real Estate Report 2019
Despite a slowdown in 2019, the Connecticut real estate market is still on a steady upward path! Sales are still strong in 2019, although the spring real estate market didn’t hit with the strength of previous years:After dropping to a record low of 33 days in 2018, Connecticut home marketing time slowed to 55 days […]
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June 27, 2019
Will the Connecticut real estate market ever recover from the great housing bust?
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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February 6, 2019
Short sales and foreclosures rise in 2019!
Even in a market of rising prices and buyer competition here in Connecticut, the rate of short sales and REO sales (bank owned foreclosed property) rise in 2019…As short sales stayed at the same 2% rate we’ve seen for the last three years, sales of foreclosed homes rose to 12% so far in 2019:Even in today’s improving […]
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January 2, 2019
Connecticut Real Estate Report: 2018 in Review
While Connecticut may have been late to the nationwide real estate recovery party, we have arrived! The last few years have seen endless increases in the demand for homes and prices are finally ticking up.CT home sales have skyrocketed!After the latest real estate bust, the number of CT home sales fell to a low of […]
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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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