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 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 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 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 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 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 MoreA 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 MoreIn 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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