Waterbury, CT Market Update 2019: Great news for sellers as prices continue to rise, and distress sales ease! - Reid Real Estate Group

Waterbury, CT Market Update 2019: Great news for sellers as prices continue to rise, and distress sales ease!

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Waterbury, Connecticut Real Estate Market Report -  YTD 2019

Its a great year for Waterbury homeowners so far this year! Home sale prices are skyrocketing, with home sale prices up almost 10% over 2018, with the current median at $115,000:

chart of waterbury home sale price

Waterbury homes continue to sell quickly as home buyer demand continues to increase, leading to less and less inventory - fueling the upward price trend: 

graph of waterbury inventory changes

Even as prices have increased significantly, the rate of short sales and foreclosed homes is still rather high at a total rate of 21% of all home sales. The good news here is that the rate of distress sales continues to decrease and is currently at a five year low:

waterbury distress sales chart

Minna Reid

Minna Reid is The Broker - Owner of Reid Real Estate Group. Reid Real Estate Group is a full-service Connecticut residential real estate brokerage, specializing in helping homeowners with legal and financial challenges including short sales, probate sales and tax lien complications.

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