This week’s Connecticut Real Estate Market Weekly Insights gives a full review of how the single family housing market is performing statewide. The episode explains that November’s median sale price climbed to about four hundred fifty five thousand, rising more than eight percent from last year, even while the number of homes sold dropped nearly twelve percent. Homes continue selling quickly at a median of twenty days on market. Price trends through 2025 show a peak in June followed by a standard seasonal cool down, though prices remain noticeably higher than prior years. Average price per square foot increased by more than ten percent, showing that buyers are still willing to pay more for the space they want.Connecticut Real Estate Market …Market activity shows lower monthly sales compared with spring and summer, driven by limited supply rather than lack of interest. The average sale price rose sharply year over year, influenced in part by a higher number of upper-end transactions. Buyer competition has eased from the peak frenzy but remains steady. About 1.4 percent of sales closed over asking, slightly below last year. Most buyer activity is concentrated between two hundred thousand and six hundred thousand, while homes under two hundred thousand and homes above one million take longer to sell. Even luxury properties are still seeing over-asking offers, which shows demand exists at all tiers.Connecticut Real Estate Market …Inventory levels remain extremely tight at 1.78 months of supply. The show explains that months of supply measures how long current listings would last if no new homes were added. A balanced market would be five to six months, so Connecticut continues to favor sellers. Supply is especially low for homes under four hundred thousand, while luxury homes can carry five to eight months of inventory. The breakdown of housing types shows most properties sold have three or four bedrooms, with larger homes raising the statewide average above the median. Price reduction data shows that about a third of active listings have had a price drop, usually around ten percent, and most go under contract within nineteen days after a reduction.Connecticut Real Estate Market …Migration trends reveal where buyers and sellers are moving. The top destinations for residents leaving Connecticut include Florida, New York, Massachusetts, North Carolina, and South Carolina. Incoming buyers mostly arrive from New York, Massachusetts, Florida, Rhode Island, and California. About eighty three percent of buyers already live in Connecticut, while seventeen percent come from out of state. The post-pandemic spike of out-of-state migration has moderated.Connecticut Real Estate Market …The episode then covers current interest rates, including average rates around 6.22 percent for a 30-year fixed mortgage and under six percent for FHA and VA loans. In statewide news, the show details Connecticut’s new affordable housing law signed on November 26, which gives towns more flexibility to create housing growth plans, loosens development restrictions, allows easier conversion of commercial properties to housing, removes some parking requirements, expands fair-rent commissions, and prohibits hostile architecture intended to deter the homeless. The law aims to increase housing supply and affordability, though some critics worry about the impact on local control.Connecticut Real Estate Market …The episode also highlights a New Haven proposal that would convert former industrial properties into roughly two hundred forty affordable apartments. The project represents a growing trend of reusing under-utilized industrial land to create new housing opportunities without expanding into open space.Connecticut Real Estate Market …Nationally, the show reviews data from Zillow showing improved affordability, lower monthly mortgage payments, and an increase in new listings and pending sales. Several large metros saw month-over-month price declines, though year-over-year prices increased in about half of major markets. The NAHB report indicates cautiously improving builder confidence, tempered by buyer hesitancy, government uncertainty, and ongoing rate concerns. Many builders continue offering price cuts and incentives. MBA data shows a drop in mortgage applications due to rising rates. Realtor.com data indicates that buyers are experiencing fewer regrets because longer market times allow more thoughtful purchasing decisions.Connecticut Real Estate Market …The episode closes by reminding listeners to subscribe and contact Triniyah Real Estate for guidance on buying or selling in the next six to twelve months.
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!

Ver todos los episodios