Connecticut Real Estate Market Weekly Insights (5-26-25)

In this episode of The Triniyah Podcast, we break down the
latest April 2025 data on the Connecticut condo market. While
total sales dropped slightly year-over-year, prices continued to
rise modestly, with the median sale price reaching $291,000.
Properties are still moving quickly, especially in the
$200,000–$399,000 range, which remains the most competitive
segment with low inventory and high demand. The average sale
price was 2.2% over asking, and most properties went under
contract within two weeks.


We also explore buyer behavior by price range, inventory levels,
and the effects of price reductions. The episode covers how condo
features like bedroom count and square footage affect pricing and
how most sellers make price adjustments around day 45 on the
market.


On the legislative front, we discuss the uncertain future of
Connecticut’s “just cause” eviction bill and zoning reform
proposals, including “Towns Take the Lead” and the governor’s
alternative “priority housing zones.” We examine how these
initiatives may shape the housing landscape depending on upcoming
votes.


The episode also highlights Connecticut’s innovative efforts to
address housing shortages by converting vacant school buildings
into residential units. We spotlight adaptive reuse projects in
cities like Waterbury, New Haven, Meriden, New Britain, and
Middletown that preserve historic architecture while adding
housing inventory.


Locally, we review Waterbury’s proposed $446.6 million budget,
including plans for a tax rate reduction, continued pension
funding, and strong education support.


On the national level, we cover builder sentiment and
construction data, with builder confidence declining due to high
interest rates, tariffs, and material costs. Residential building
permits and completions are down, while housing starts saw a
slight uptick. We also examine Q1 2025 home price trends across
the U.S., rising mortgage payments, and buyer attitudes around a
potential recession, inventory challenges, and credit
constraints.


Listeners are encouraged to subscribe, reach out with real estate
questions, and tune in next week for more market insights.


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!