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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this connecticut region was the hottest real estate market in the U.S. last month
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"Greater Hartford is performing well, but we're still undervalued compared to Fairfield County and some of the major markets," Lepore said. "People are understanding that they can come in from major markets and raise their family or just live in a nice environment, for a fraction of the price."
Read Morehow did the CT real estate market perform in Q1?
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To understand the Lower Fairfield County real estate market in the first quarter of 2024 you have to first look at inventory. Or at least, the relative lack of it.
Read Morethe state of new canaan, darien, and rowayton real estate 2024
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The 2023 real estate market saw a dip in its buyer pool for the first time since 2020. Once completely oversaturated with demand, many chose to stay put while waiting for sky-high mortgage rates to come down.
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 Morethere are fewer houses for sale in CT. Here’s why.
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A low inventory of homes for sale and high interest rates are creating a catch-22 in Connecticut’s real estate market: to push prices down would require more houses to go up for sale, but people don’t want to list their houses because prices are high, according to local real estate experts.
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 MoreCT sees historically low number of real estate listings, but some towns stand out
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Connecticut continued to see historically low listings of houses for sale in April, helping prolong a sellers market that is keeping prices above pre-pandemic levels — but with too few people putting their homes on the block, creating a continuing pinch for those looking to buy.
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.
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housing market is shifting closer to favoring buyers
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The housing market moved further in the direction of buyers last month as the markets that cooled the fastest in response to quickly rising interest rates and home prices continued to moderate, according to the Knock Buyer-Seller Market Index released today. At the same time, many strongholds show no sign of slowing down and some are expected to gain momentum over the next year.
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 Morect offers up to $25,000 in homeowners' assistance to 1st-time home buyers in this city
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A new state program in Connecticut is helping residents achieve their dreams of being first-time homebuyers by providing up to a $25,000 forgivable loan for down payment assistance in purchasing a home in Bridgeport.
Read Morecities with the fastest-growing home prices in connecticut
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In Connecticut’s collegiate New Haven, where the median asking price for a home rose significantly over the Stacker compiled a list of cities with the fastest-growing home prices in Connecticut using real estate data from Zillow.
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