Connecticut Housing Market OverviewThe episode begins with an in-depth look at how the Connecticut single-family housing market performed in October 2025. Activity spanned 118 cities, signaling broad stability despite tight inventory. Prices have climbed sharply in cities like Waterbury, Fairfield, and Stamford, with many homes still selling above asking due to intense buyer competition.County-Level Breakdown (October 1–31, 2025)Hartford County led with 651 sales, up 18% year over year. The median price rose to $409,000, with homes selling in about 12 days and averaging 3.8% over asking.Fairfield County recorded 578 sales, up 5%, with a median price of $765,000—a $90,000 increase. Homes averaged 29 days on market and still sold over asking, though bidding pressure eased slightly.New Haven County had 483 sales, down 6%, but its median price climbed to $417,500. Homes sold in 19 days, typically 1% above asking.Litchfield County closed 168 sales, up 2.5%, with a median of $430,000 but longer marketing times (31 days) and homes selling about 1% under asking, showing early signs of buyer leverage.Middlesex County logged 150 sales, up 17%, with a median of $475,000, 18 days on market, and an average of 1% over asking.Every county remains a seller’s market, marked by quick sales and tight supply, though Litchfield and Bridgeport are showing the first signs of balance.Market Trends by Price RangeSales under $299,000 have dropped sharply over the last decade due to depleted low-end inventory. The bulk of activity now lies between $300,000–$700,000, which has become the new middle market. Homes in this range sell fastest and most often above asking, while higher-end homes move slower but still faster than a decade ago.Top 10 Cities and TownsWest Hartford led with 64–65 sales, up 36%, and a median in the mid-$500Ks, selling in 11 days.Fairfield followed with 58 sales, up 41%, median $1.21M, and 29 days on market.Waterbury saw 56 sales, up 10%, median $300K, and quicker closings.Other notable cities: Norwalk, Manchester, Danbury, Southington, Bristol, Stamford, and Bridgeport, each reflecting varying speeds and demand levels, but collectively showcasing strong buyer activity across price points.Inventory ConditionsConnecticut has only 1.56 months of supply, far below the six-month level considered balanced. Dozens of towns—including Middlefield, Southington, Simsbury, and West Hartford—have less than one month of inventory, signaling fierce competition. Buyers need to be preapproved and ready to act fast, while sellers remain in a strong position.Interest Rates (as of early November 2025)30-year fixed: 6.32%15-year fixed: 5.82%30-year FHA: 6.03%30-year VA: 6.04%All rates rose slightly from the prior week.Local Real Estate NewsWest Hartford – “The Elle at North Main” Development: A $27 million adaptive reuse project turning a former synagogue into 49 apartments, 80% affordable, with rents from $1,187–$1,975 depending on unit size. Pre-applications are open through January 5, 2026, with tenant selection via lottery.New Haven – Downtown “Build Build Build” Plan: Approved zoning reforms will allow denser, mixed-use housing downtown, reduce regulatory barriers, and encourage adaptive reuse, with the goal of expanding supply and improving affordability.National Real Estate Updates50-Year Mortgage Proposal: Donald Trump suggested introducing 50-year fixed-rate mortgages to reduce monthly payments, though experts warn it could slow equity building and increase long-term costs.Fannie Mae’s DU Update: Starting November 16, 2025, Fannie Mae will eliminate the 620 minimum credit score for loans run through Desktop Underwriter, instead using a broader risk-based evaluation model to improve access for borrowers with limited or nontraditional credit.Government Shutdown Impact: The ongoing federal shutdown is stalling new construction projects by delaying necessary federal permits and environmental reviews, further tightening the housing supply and adding pressure to existing home prices.Closing MessageThe episode concludes by reaffirming that Connecticut’s single-family market remains tight and seller-favorable, especially in the $300K–$700K range. Buyers are urged to be proactive and preapproved, while sellers are advised that conditions remain favorable for listing.
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!

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