Connecticut Real Estate Market Weekly Insights (2-10-25)

Welcome to this week’s edition of The Triniyah Podcast,
where we dive deep into the latest trends in Connecticut real
estate. In this episode, we start with a comprehensive market
update, highlighting key stats from January 2024 to January 2025.
We discuss how single-family home values have increased by 7.9%,
what a slight inventory increase means for buyers, and why
pending sales remain strong despite a dip in closed transactions.
We also touch on the competitive nature of the market, with homes
selling in just 10 days on average and properties still fetching
over 100% of their asking price.


Next, we zoom in on Waterbury, a market that has seen dramatic
shifts. While the city faced a significant decline in sales last
year, 2025 has brought a surge in new listings—up over 40%—with
many homes selling above the asking price. We explore the driving
factors behind this shift, including the rise of
multi-generational living and an influx of buyers from New York.


From there, we examine the statewide issue of crumbling
foundations, a crisis affecting hundreds of Connecticut
homeowners. We explain how a state-backed insurance surcharge is
funding repairs, but why financial gaps still leave many homes at
risk.


We also discuss the ongoing debate over transit-oriented
development, where the state is pushing for more housing near
public transportation hubs while some suburban communities resist
large-scale developments. We analyze the statewide housing
shortage—exceeding 110,000 units—and break down Governor Lamont’s
plans, including a $50 million investment to support urban
housing projects and a grayfield revitalization initiative aimed
at converting vacant properties into mixed-use developments.


Finally, we take a national perspective, comparing Connecticut’s
market dynamics with broader trends in housing affordability,
mortgage rates, and rental vacancies. We wrap up with actionable
insights for buyers, sellers, renters, and investors, offering
strategies to navigate the current market and make informed
decisions.


Don’t miss this in-depth discussion on the forces shaping
Connecticut real estate and how they impact your financial
future!


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!