Connecticut Real Estate Market Weekly Insights (6-9-25)

In this week’s Connecticut Real Estate Market Weekly
Insights, we focus on single-family home trends across five
key counties: New Haven, Hartford, Middlesex, Fairfield, and New
London. Statewide, May 2025 saw 1,949 single-family home sales—up
2.7% year-over-year. Fairfield County remained the most
expensive, with a median sale price of $825,000, while Hartford
County saw a strong 12.6% increase in sales volume. Median days
on market are falling in many areas, reflecting fast-moving sales
and high buyer demand, particularly in the $300K–$499K price
range.


The episode highlights buyer competition, especially in Hartford
and Middlesex, where over-asking offers are most common. West
Hartford led the state in number of single-family home sales, and
inventory across Connecticut remains critically low, with only
1.59 months of supply—well below the 5-6 months that signify a
balanced market.


We also dive into legislative developments:


Connecticut has committed an additional $100 million to address
crumbling home foundations, bringing the total to $300 million,
with repairs expected to conclude by 2031.


The state launched the $50 million Greyfield Revitalization
Program to convert vacant commercial properties as part of a $9.7
billion capital budget, which also supports housing,
manufacturing, and infrastructure.


Connecticut ranked among the top U.S. states for engaged home
shoppers on Zillow, indicating robust buyer interest.


On the national level, we explore declining pending home sales,
narrowing price gaps between new and existing homes, record-high
listing values, and growing stale inventory. Rising interest
rates continue to impact affordability, though builder incentives
and more listings are helping balance the market.


Whether you're buying, selling, or just staying informed, this
episode gives you the data and context to navigate the current
real estate landscape in Connecticut.


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!