Despite a 10 percent drop in Connecticut home sales in the first three months of 2024, the real estate market showed plenty of pep in many locales as people upped their offers to beat out others eyeing the same properties.
Read MoreThe 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 MoreThe 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 MoreThe home is located on a cul-de-sac near Greenfield Hill.
Read MoreUnless the Friends of Belden House can find a few million dollars in the next six months or a private developer swoops in, the circa 1760 Gothic house in Putnam County has a date with the wrecking ball.
Read MoreConnecticut 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 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.
Read MoreDuring 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 MoreA 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 MoreHot 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 MoreA four-bedroom, three-bath, 4,257-square-foot house with hardwood floors, crown molding, a fireplace, bay windows, an eat-in kitchen with granite countertops and French sliding doors, a first-floor full bath, an en suite primary bedroom with vaulted ceilings and balcony with water views, a dressing room, an office with outdoor access, a laundry room, a fenced yard with a bluestone patio, and an attached two-car attached garage, on 0.34 acres.
Read MoreConnecticut 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 MoreHigh 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 MoreWith 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 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 MoreHomes for Sale in New York and Connecticut
Read MoreThe 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 MoreAfter 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 MoreThe 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 MoreFAIRFIELD - 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.
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