The Triniyah Podcast

In this episode of Connecticut Real Estate Market Weekly Insights, we take a close look at how the Connecticut condo market is performing. Condo prices continue to rise modestly, with the median sale price at $315,000 (up 1.9% year-over-year) and the average price at $384,788 (up 0.5%). Properties are spending a median of 16 days on the market, just two days more than last year. Despite affordability challenges, buyer activity is up, with 744 condo sales in June—7.8% more than the same time last year. Condos are still selling above asking on average (2.2%), but bidding wars have cooled. The sweet spot remains between $200K and $600K, while ultra-luxury and entry-level units show more negotiation and longer market times. Inventory is low statewide, with only 1.35 months of supply, reinforcing a strong seller’s market. However, the high-end segment ($1.4M–$2M+) is shifting toward a buyer’s market with over seven months of supply. The episode also unpacks pricing dynamics by bedroom count, price drops, and contract activity, with 27% of active listings seeing reductions averaging 7%. When price drops occur, listings typically go under contract in 16 days. In local news, we spotlight Connecticut’s rise in roofing scams and how homeowners can protect themselves through contractor verification and understanding their cancellation rights. We also address the sharp 24% drop in downtown Hartford’s office values and how proposed conversions and incentives aim to stabilize the area. In Waterbury, historic buildings are being converted into housing and retail as part of a broader revitalization plan fueled by transit access and affordability. Nationally, we cover slight improvements in builder confidence, the limitations of federal land in solving the housing shortage, Realtor.com’s midyear housing outlook, and Redfin’s report that 14.9% of pending home sales nationwide were canceled in June—the highest June rate since 2017. If you're buying or selling in Connecticut, this episode provides the insights you need to stay ahead of the trends. For questions or to schedule a consultation, contact Triniyah Real Estate at 203-200-0933 or visit www.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!

In this July 21, 2025 episode of Connecticut Real Estate Market Weekly Insights, we deliver a comprehensive look at the Connecticut multi-family housing market and how local and national developments may impact real estate investors, homeowners, buyers, and sellers. Multi-Family Market Performance (April 1 – July 20, 2025): Sales Volume: 880 statewide multi-family transactions, down 1.6% from the same period last year. Pricing: Median sale price rose to $425,000 (up 11.8%) and average sale price climbed to $523,514 (up 19.3%). Price Per Sq Ft: Increased to $182, up 9.1% year over year. Days on Market (DOM): Median DOM dropped to 12 days, reflecting strong buyer demand and fast-moving properties. June 2025 Highlights: 246 sales totaling $162M, with a median price of $440,000 and an average of nearly $660,000—up significantly from June 2024. Trends by Price Range: Properties under $200K saw a 60.3% drop in sales. $500K–$599K properties rose by 63%, and $600K–$999K saw a 43.8% increase. Mid- to upper-tier homes remain competitive, with buyers in the $500K–$599K and $1M–$1.99M range often paying over asking price. $2M+ properties lagged, with no transaction growth and discounts averaging 2.27% below asking. Buyer Behavior & Demand Insights: Median DOM across all tiers was 21 days. Homes priced between $300K–$599K are moving fastest (18–23 days). Buyer competition remains steady statewide, with properties still selling above asking price in key price bands. Key Takeaway: Investor demand remains strong for higher-value multi-family properties despite fewer total sales, indicating a market shift toward quality over quantity. Location remains critical, with notable price and demand variances across Connecticut cities and neighborhoods. Local Market Headlines: Waterbury: A 32-unit building at 669 Waterville Street sold for $3.9M in July, doubling in value since 2021. The deal reflects continued investor interest in mid-sized multifamily assets. Watertown: The town faces a $34.9M judgment over unpaid water and sewer bills to Waterbury. Officials are evaluating financial options, including bond issuance and service restructuring, while residents call for cooperation and transparency. National Real Estate Trends: Rents: U.S. median asking rent declined 0.5% YoY to $1,642, the fourth straight drop, due to a surge in apartment supply. Vacancy rates are high, and renters are gaining leverage. Equity Levels: 46.2% of U.S. mortgaged homes are equity-rich, with Connecticut’s share rising to 48%. Underwater properties remain rare, though southern and midwestern states show higher stress. Inventory & Builder Confidence: Housing inventory is up, easing prices and improving buyer conditions. However, homebuilders face pressure, cutting prices and offering incentives as confidence dips. Final Thoughts: Whether you're buying, selling, or investing, this week's insights underscore the importance of strategy, pricing, and timing. The Connecticut multifamily sector continues to offer opportunity, especially in the $300K–$599K range, but market knowledge is key. To discuss how these trends affect your next move, contact Triniyah Real Estate at (203) 200‑0933 or visit www.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!

In this July 14, 2025 episode of The Triniyah Podcast, we take a deep dive into the current state of the single-family housing market across New Haven, Hartford, Middlesex, Fairfield, and Litchfield Counties. June saw a total of 2,234 single-family sales statewide, with the strongest growth in Fairfield County and notable activity in towns like Meriden, West Hartford, and Hamden. Median sale prices remain high across all five counties, with Fairfield leading at $875,000. Buyer demand is still strong but showing signs of normalization, with homes selling quickly—especially in Hartford and New Haven Counties—and some softening in bidding wars. We also review several notable local development updates. Waterbury plans to convert a former Catholic school into 80 apartments as part of a broader downtown revitalization plan. New Britain has greenlit the next phase of Columbus Commons, adding 64 affordable units downtown. A new affordable housing proposal called Forest Hills, consisting of 63 single-family homes, is under review in Waterbury, aimed at working families earning 80–120% of the AMI. On the national level, we cover shifting housing inventory trends, which are now back to or above pre-pandemic levels in many large metros, and a continued increase in mortgage purchase applications. However, high interest rates are limiting refinancing opportunities, and price cuts are becoming more common in certain markets. National inventory growth is strongest in the South and West, while the Northeast remains tighter. Homes are taking longer to sell nationwide, though Connecticut’s core markets remain active and competitive, especially in the $300,000–$699,000 range. The episode wraps with a reminder to reach out for a personalized look at how these trends could affect your buying or selling plans 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!

In this episode of Connecticut Real Estate Market Weekly Insights, we examine how the Connecticut housing market performed in June 2025, focusing specifically on single-family homes. The median sale price reached $500,000—up 6.4% from last year—while the number of homes sold rose nearly 5% year over year. The average sale price topped $688,000, with homes selling for an average of 4.5% over asking and spending a median of just 13 days on the market. The most competitive segments were homes priced between $200,000 and $599,000, but even luxury homes saw notable activity. Inventory remains tight, with only 1.42 months of supply overall, well below the 5–6 months considered a balanced market. Especially constrained were the $200K–$599K ranges, while listings above $3 million leaned more toward buyer's market conditions. Price drops occurred on 30% of active listings, with the largest reductions seen at the top and bottom of the price spectrum. The episode also breaks down buyer migration trends, noting that most sellers left for Florida or New York, while most out-of-state buyers came from New York and Massachusetts. Despite increasing prices, over 20% of buyers still came from outside Connecticut. Interest rates ticked up across all loan types, with 30-year fixed loans closing at 6.75%. The episode dives into recent news, including accelerating affordable housing developments in shoreline towns like Clinton, Guilford, Madison, and Old Saybrook through the 8-30g zoning statute. We also discuss the major provisions of the “One Big Beautiful Bill,” which permanently makes mortgage insurance premiums tax-deductible, expands low-income housing tax credits, preserves investor-friendly tax deductions, and temporarily increases the SALT cap to $40,000. However, no new first-time buyer credits or down payment assistance were included. Additional stories include a New Haven eviction case dismissed due to a paperwork error, the latest economic data showing declines in personal income and spending, and nationwide housing trends such as increased pending home sales, a slight drop in mortgage rates, and rising affordability challenges. Buyers now need nearly $18,000 more in annual income to afford a median-priced home nationwide, pushing more people toward renting. To wrap up, the episode emphasizes that while Connecticut remains a strong seller’s market, outcomes vary by price tier and town, making local market knowledge critical for buyers and sellers. 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!