Connecticut Real Estate Market Weekly Insights (7-28-25)

In this episode of Connecticut Real Estate Market Weekly
Insights, we take a close look at how the Connecticut condo
market is performing. Condo prices continue to rise modestly,
with the median sale price at $315,000 (up 1.9% year-over-year)
and the average price at $384,788 (up 0.5%). Properties are
spending a median of 16 days on the market, just two days more
than last year. Despite affordability challenges, buyer activity
is up, with 744 condo sales in June—7.8% more than the same time
last year.


Condos are still selling above asking on average (2.2%), but
bidding wars have cooled. The sweet spot remains between $200K
and $600K, while ultra-luxury and entry-level units show more
negotiation and longer market times. Inventory is low statewide,
with only 1.35 months of supply, reinforcing a strong seller’s
market. However, the high-end segment ($1.4M–$2M+) is shifting
toward a buyer’s market with over seven months of supply.


The episode also unpacks pricing dynamics by bedroom count, price
drops, and contract activity, with 27% of active listings seeing
reductions averaging 7%. When price drops occur, listings
typically go under contract in 16 days.


In local news, we spotlight Connecticut’s rise in roofing scams
and how homeowners can protect themselves through contractor
verification and understanding their cancellation rights. We also
address the sharp 24% drop in downtown Hartford’s office values
and how proposed conversions and incentives aim to stabilize the
area. In Waterbury, historic buildings are being converted into
housing and retail as part of a broader revitalization plan
fueled by transit access and affordability.


Nationally, we cover slight improvements in builder confidence,
the limitations of federal land in solving the housing shortage,
Realtor.com’s midyear housing outlook, and Redfin’s report that
14.9% of pending home sales nationwide were canceled in June—the
highest June rate since 2017.


If you're buying or selling in Connecticut, this episode provides
the insights you need to stay ahead of the trends. For questions
or to schedule a consultation, contact Triniyah Real Estate at
203-200-0933 or visit
www.triniyah.com.


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!