Connecticut Real Estate Market Weekly Insights (4-14-25)

In this week’s episode of The Triniyah Podcast, we break
down the most important updates shaping the Connecticut real
estate market as of April 14, 2025:


Local Market Update


New Haven & Hartford Counties saw modest
year-over-year price growth with continued strong competition.


New Haven County average sale price: $473,705 (+1.8%)


Hartford County average sale price: $415,361 (+0.5%)


Median Days on Market: Homes in Hartford sold
faster (12 days), while New Haven averaged 21 days.


Top-selling counties in March:


Hartford (540 sales), Fairfield (531), and New Haven (507)


Bidding Wars: Hartford homes averaged 4.2% over
asking, indicating hot competition.


Inventory: Supply remains tight across all
counties, keeping the market firmly in seller territory.


️ City-by-City Highlights


Stamford, Waterbury, and Hamden led in single-family sales
activity.


Even homes with price reductions sold quickly when
well-positioned.


Mortgage Rates


30-year fixed: 7.07%


15-year fixed: 6.48%


FHA: 6.50%


VA: 6.52%


All rates slightly increased over the previous week.


Legislation & Policy


A proposed CT bill seeks to end temporary bans on
multi-family housing, aiming to prevent municipalities
from stalling development.


The state’s “Fair Share” Housing Report calls
for 120,000 new housing units and offers three distribution
models across all 169 towns.


Initiatives include zoning reforms, affordable housing targets,
and incentives to increase rental availability.


Local Spotlight


Downtown Waterbury’s historic Odd Fellows
building will be renamed after former Mayor Neil O’Leary
following its successful $15M redevelopment.


National Market Trends


NAR Generational Trends Report:


Boomers dominate as sellers; Millennials lead in buying.


Gen Z and Millennials face affordability challenges but remain
active.


Gen Xers prioritize multigenerational homes and higher price
points.


Buyer Behavior: 88% of all buyers used real
estate agents, valuing guidance on process and paperwork.


First-Time Buyer Regrets


A Guardian Service survey found:


31% of first-time buyers experienced regret.


66% faced unexpected home issues post-purchase.


38% felt pressured to rush decisions.


Stock Market & Economic Volatility


According to Redfin and CNBC:


1 in 5 buyers plan to sell stock to fund down payments.


Market fluctuations and new tariffs are impacting affordability
and buyer confidence.


Trade tensions with China could lead to higher mortgage rates if
China dumps U.S. Treasuries.


Final Thoughts & Call to Action


If you're planning to buy or sell in the next 6 to 12 months, the
Triniyah Real Estate team is ready to guide you with expertise
and care. Call us at (203) 200-0933 or visit 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!