Tag Archives for " CT Market Trends "
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. […]Continue reading
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 – […]Continue reading
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 […]Continue reading
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 […]Continue reading
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 […]Continue reading