house prices are skyrocketing in one state
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Home prices are rising faster in Connecticut than in any other state, according to the latest data from Redfin, as inventory remains tight.
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connecticut housing market 2024: trends & house prices
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With tight inventory levels and still-high prices, the Connecticut housing market shares many similarities with the national market. Here’s a closer look at Connecticut’s current real estate trends and where the market might go for the rest of 2023.
Read Moreconnecticut housing market: prices, trends, forecast 2024
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The current trends suggest that the Connecticut housing market leans towards being a Seller's Market. With a surge in home prices, high competition, and a limited inventory, sellers hold an advantageous position in negotiations.
Read More4-bedroom 'oversized cape' for sale in fairfield
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The home is located on a cul-de-sac near Greenfield Hill.
Read MoreCT house prices rose 10% in a year. will they ever drop?
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Connecticut saw the fourth-highest rate of house price increases in the country since the third quarter of last year, a lasting impact from dwindling inventory that real estate agents say is unlikely to change in the near future.
Read Moreconnecticut housing market 2023: trends & house prices
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With tight inventory levels and still-high prices, the Connecticut housing market shares many similarities with the national market. Here’s a closer look at Connecticut’s current real estate trends and where the market might go for the rest of 2023.
Read Morefairfield county is experiencing pandemic building boom. it's not expected to end anytime soon
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During the COVID-19 pandemic, from 2020-22, more than 3,900 new apartments were built in Fairfield County as a result of the so-called “pandemic building boom. “ The highest number of new rental units were added to the market last year and it’s a trend that is expected to continue into next year
Read Morect homes still getting premium prices in july, but sales down
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Hot off Connecticut's record mansion sale and with a few more big deals in the works, overall home prices continued to inch up in July as buyers sifted through a historically low number of properties on the market.
Read Morecash buyers in fairfield squeeze an already-tight housing market
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High prices are slowly starting to decline, but a low inventory and steep home mortgage costs already put homeownership out of reach for many buyers, the analysis found. What’s also contributing to the difficulty is an 8 percent increase in the number of people who pay cash, according to the analysis.
Read Morewhy connecticut’s real estate market is still hot
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With little to choose from on the market, a lack of supply and an increased demand has caused home prices in the Nutmeg State to increase 10 percent in the last year alone, according to Zillow. Sellers know that serious buyers will pay more to get into a market that has pushed many home-buying hopefuls out, and the prices reflect that.
Read Morebridgeport, Conn.: ‘a diamond in the rough’ reinventing itself
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Bridgeport was once unavoidable. In the middle of the last century, the waterfront Fairfield County city 60 miles from Manhattan churned out so many kinds of products, it seemed to be almost single-handedly shaping the habits of modern life. Rolling off the assembly lines there: lipstick cases, flashlights, typewriters, fans, underwear, sewing machines, cars, scissors, guns, lace, drills, helicopters and phonograph records.
Read Moreare new real estate listings in new haven county signaling a tipping point for CT homebuyers?
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After two-thirds of New Haven County cities and towns generated sufficient numbers of new home listings to replace those sold in the third quarter, the market remained balanced into December, signaling a break in the high prices that have thwarted many Connecticut buyers during the pandemic real estate market.
Read Moreconnecticut’s Q3 market report shows prices holding steady, inventory down
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The year-to-date Ridgefield real estate market is a mixed bag of results due to a lack of inventory. While we had a strong third quarter, the number of sales - and as a result - the overall sales volume, was down 24% and 19% respectively over the same time in 2021. However, the good news is that prices are holding steady.
Read Morestate okays fairfield schools timeline toward redistricting, addressing racial balance
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FAIRFIELD - The State Board of Education on Wednesday approved an agreement... the district received updated enrollment projections from the SLAM Collaborative, a demographic firm, in late June, but that the estimates came “with some caution” because of the fluctuating real-estate market.
Read Morebuoyed by the pandemic, new york suburb greenwich, connecticut, finally sees sales recede
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Single-family home sales in the third quarter still remained above pre-pandemic levels
Read Moretimes take on affordable housing lacks evidence, balance
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It’s important to address some of the claims and assumptions made in Ms. Lisa Prevost’s recent piece in the NY Times, Town After Town, Residents Are Fighting Affordable Housing in Connecticut.
The piece spurred a lot of discussion in many towns in the Nutmeg State and as an elected zoning commissioner in the Town of Fairfield and long-time neighborhood and environmental advocate, I’d like to set the record straight on 8-30g, Connecticut’s affordable housing law which allows developers to override local zoning regulations.
Read Morestudy: room to improve in fairfield county affordable housing plans
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In a new analysis of 17 Fairfield County towns’ affordable housing plans, the median community received a ranking of 2.5 out of 5, showing scattered progress for many towns and room for improvement on equity and other issues in others.
Read Moreansonia, conn.: a small city with a sense of history
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This former manufacturing center in New Haven County is gaining popularity with New Yorkers, thanks to its relative affordability and access to Metro-North.
Read Morestratfield four corners project to start soon in fairfield
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Stratfield is undergoing some big developments, with its latest Four Corners project expected to start soon.
Read Moretown after town, residents are fighting affordable housing in connecticut
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Local residents and elected officials are seeking to block large housing projects, warning that increased density could change the character of their towns.
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