This week’s Connecticut Real Estate Market Weekly Insights focuses exclusively on single-family homes statewide, with condos and multifamily to be covered in a future episode.📈 Market Snapshot – September Single-Family PerformanceMedian sale price: ~$462K — up 6.2% year over yearClosed sales: ~2,317 — up 4.3%Average sold-to-list ratio: 2.2% over asking, slightly lower than last yearMedian days on market: 20 days, up 2 days from 2024Average price per sq. ft.: ~$286 — up 5.1%Strongest activity: $200K–$599K price rangeLuxury segment ($1.2M+): Properties still selling, but with longer timelines and smaller premiumsOverall, prices and sales volume are up, competition remains strong, but bidding wars are cooling slightly compared to peak conditions.🔄 Market Activity & SeasonalitySales followed a classic rhythm — peaking in early summer, easing into fall but still outperforming last year. Higher-priced transactions made this year’s average sale price roughly 8% higher than 2024.🏠 Buyer Demand BreakdownSweet spot for speed and competitiveness remains $200K–$1.4MExample: $200K–$399K homes go under contract in ~13 days, selling ~3.5% over askingAbove $3M, average time-to-contract jumps to nearly a month, with minimal over-ask activity📊 Inventory & Months of SupplyNew listings: ~3,167 (+2.1% YoY)Pending sales: ~1,821 (–22.9% YoY) — a sign of greater buyer selectivityActive listings: ~4,389 statewideMonths of supply: 1.89 months — still firmly a seller’s marketTightest supply: $200K–$399K (1.27 months)Highest supply: $3M+ (8+ months)🏷️ Price Reductions~33% of active listings have had at least one price dropAverage reduction: just over 9%Once reduced, median time to offer drops to ~15 days🧭 Migration PatternsOutbound sellers: Florida (22%), New York (14%), Massachusetts (9%)Inbound buyers: New York remains dominant (42% of incoming), followed by MA, FL, RI, and CA16% of buyers came from out of state, down from peak pandemic highs💡 Local & National Housing NewsConnecticut launches a new online climate risk tool to help homeowners assess flood, wind, and pollution exposure beyond FEMA mapsHartford North End sees proposal for 27 new for-sale rowhouse unitsWaterbury moving forward with multi-million-dollar downtown redevelopment, including infrastructure upgrades, mixed-use conversions, and transit-centered revitalizationNew Haven advancing a 171-unit mixed-income apartment project in Ninth Square🌎 National Economic & Housing TrendsFannie Mae forecasts a mild U.S. recession by early 2026, but no major housing crashHome flipping profits hit a 17-year low, with ROI down to 25.1%Realtor.com projects October 12–18 as the “best week to buy” in 2025Mortgage spreads have cooled — keeping rates lower than Treasury yields suggest — with 2025 mortgage rates expected to hover between 5.75–7.25%
If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, <a href="https://www.triniyah.com/contact">please visit our website to see how we can assist you</a>!

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