Connecticut Real Estate Market Weekly Insights (7-28-25)

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!