Connecticut Real Estate Weekly Insights (11-18-24)

In this episode, we take an in-depth look at the
Connecticut real estate market and its trends
from October 2023 to October 2024. From rising home values and
faster sales to decreasing inventory and pending sales, we
explore what these changes mean for buyers, sellers, and
investors.


We also discuss the Federal Reserve's latest interest
rate cut, its impact on mortgage rates, and what these
shifts mean for affordability in the housing market.
Additionally, we dive into national real estate trends, including
the decline of FSBO sales, the growing reliance on real estate
agents, and changes in rental markets and homeownership
demographics.


Highlights include:


A 9.2% increase in Connecticut single-family
home values.

The meaning behind 2.2 months of supply and
18.6 shows-to-contract metrics.

Insights from the FOMC meeting, including
how rate changes affect mortgage markets.

National stats on FSBO sales, agent-assisted sales, and the
challenges of selling a home independently.

A closer look at Opportunity Zones, their
growth trends, and how they continue to align with national
housing markets.



Whether you’re a homeowner, buyer, or simply curious about the
real estate landscape, this episode provides valuable insights to
help you navigate today’s market.


Don’t miss it!


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!