As we move into spring, the housing market remains challenging, with record-high home prices and stubbornly elevated mortgage rates prolonging buyer struggles.
Yet, positive signals have emerged in the form of a deceleration in home price growth and decreasing mortgage rates.
Read MoreThe average cost of homes sold in Connecticut increased by more than 8% at the end of last year, hinting at the projected market outlook this year.
Read MoreThis week’s properties are three-bedroom homes in Glen Cove, N.Y., and Norwalk, Conn.
Read MoreIn Stamford and West Hartford, home buyers continue to pay more than what sellers are asking just as the spring market looms larger — but buyers are chipping away at prices in some other Connecticut cities and towns, according to Zillow transaction records.
Read MoreThe start of spring historically means the housing market heats up in Connecticut. However, for those looking, there’re not a lot of options out there.
Read MoreThe town of Avon jumped out as one of the hottest real estate markets in the country in the first two months of 2025, with two other Hartford-area locals ranking high on Redfin's list of neighborhoods where houses are generating the most bidding wars.
Read MoreConnecticut has the third-highest real estate property taxes in the country, according to a new study from WalletHub.
The study shows Connecticut’s annual taxes on a home priced at the state’s media value of $343,200 is $6,575 annually.
Read MoreThe U.S. residential real estate market is showing signs of thawing after the deep freeze of the early winter months—and some neighborhoods are drawing more attention than others.
Read MoreAs the calendar flips to 2025, will real estate pick up the pace in more Connecticut locales? That depends on homeowner decisions on whether to cash out while buyers are on the hunt — and on interest rates that impact both sides of the real estate equation.
Read MoreThe housing market in 2025 might have a more favorable outlook than much of 2024 had, especially if mortgage rates and inventory levels improve. There’s still uncertainty in the air, though: Rising prices and slowing construction could cause some trouble for buyers in 2025, and the impact of the new presidential administration remains a wild card.
Read MoreStill, in the wake of the Federal Reserve’s jumbo-sized interest rate cut in September, many buyers are opting to remain on the sidelines in the hopes that further Fed cuts later this year will lead to more mortgage rate declines.
Read MoreThe Connecticut housing market is a hot topic these days, and it doesn’t take much to see why. With shifting trends, rising prices, and a competitive landscape, both buyers and sellers are paying close attention.
Read MoreWhen entering Connecticut’s housing market, whether you’re buying or selling, understanding real estate commissions is vital for your financial planning and negotiation strategy. In 2024, changes to how commissions are handled were rolled out across the country, aiming to increase transparency.
Read MoreHousing markets in the United States are up right now, but some experts say they’re about to lose a lot of value. This could be helpful to know if you’re planning a big move or trying to find a more affordable cost of living.
Read MoreThe sale will begin Friday at 9 a.m. with a sign up sheet available the night before. The sale will end on Friday at 3 p.m. before opening again on Saturday from 9 a.m. to 3 p.m. Only 25 people will be able to enter at one time and Redding police will be on hand to help facilitate operations, according to Boffey. Boffey added that parking is "tough" in the area and that customers must follow signs of where and where not to park.
Read MoreRenting in the Stamford-Norwalk metropolitan area requires the highest hourly wage in the state to afford a two-bedroom unit: $50.54, according to the 2024 Out of Reach Report from the coalition, a Washington, D.C.-based nonprofit organization that advocates for affordable housing for everyone.
Read MoreHome prices are rising faster in Connecticut than in any other state, according to the latest data from Redfin, as inventory remains tight.
Read More"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 MoreTo 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 MoreWith 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.
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