Connecticut Real Estate Market Weekly Insights (1-20-25)

Welcome to another installment of Connecticut Real Estate
Market Weekly Insights. This week, we dive into critical data
shaping the Connecticut real estate market, starting with
year-over-year statistics. Learn about the 8.6% rise in
single-family home values, a 1.5% increase in inventory, and what
these shifts mean for buyers and sellers. We’ll discuss the dip
in pending and closed sales, the median days on the market
dropping by 28.6%, and why properties continue to sell at over
100% of their listing price on average.


We also analyze interest rates, which recently closed at 7.08%
for 30-year fixed mortgages and 6.50% for 15-year fixed
mortgages, among other loan products. Discover how these rates
impact both buyers and sellers navigating today’s market.


Moving on to local news, we explore Governor Ned Lamont’s
proposed state tax cuts and their implications for homeowners.
We’ll also cover the legislative push for more affordable housing
in Connecticut and examine proposed changes to the Healthy Homes
Fund, including debates over its fairness and impact on
communities.


On a national scale, we touch on inflation trends, their effect
on the Federal Reserve's interest rate decisions, and the ripple
effects on consumer borrowing. We’ll also discuss builder
confidence levels amid regulatory and economic challenges.


Finally, we wrap up with expert insights into Connecticut’s
office real estate sector, including its struggles and glimmers
of hope for 2025. Join us for a detailed breakdown of these
updates and how they shape opportunities for homebuyers, sellers,
and investors alike.


If you’re interested in buying, selling, or renting real estate
anywhere within the State of Connecticut, please visit our
website to see how we can assist you!