CT Market Trends Archives - Reid Real Estate Group

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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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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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What’s the average time it takes for a CT home to sell?

Connecticut probate sale questions

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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