Connecticut Real Estate Market Weekly Insights (5-5-2025)

In this week’s episode of Connecticut Real Estate Market
Weekly Insights, we break down April 2025 housing data across
Connecticut, including the latest on home sales, pricing trends,
inventory, buyer demand, and price reductions. Median sale price
increased 7.1% year-over-year to $455,000, while the median days
on market dropped to just 15—signaling a sharp rise in buyer
activity. Homes sold for an average of 2.1% over asking
statewide, with even higher competition in certain mid- and
upper-price brackets.


We discuss how spring is reviving bidding wars, particularly in
the $400k–$799k range, and which price segments are experiencing
the steepest price drops. Sellers in the $1.2M–$1.39M range saw
the highest percentage above list price (4.1%), while homes under
$200k and over $3M often sold below asking.


The episode also explores:


Seasonal patterns in buyer behavior and time on market


How long it takes for homes to go under contract after a price
drop


Interest rate updates across loan types


Local real estate news including a $16M apartment conversion in
downtown Hartford, Amazon’s major land buys in Enfield and
Waterbury, and vacancy struggles at City Place I (Connecticut’s
tallest skyscraper)


National housing data, including rising rental vacancies,
homeownership disparities, and signs of decelerating home price
appreciation


Whether you’re a buyer or seller, this episode helps you time
your move in a fast-paced and competitive market.


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!