Connecticut Real Estate News: Current Home Prices and Market Conditions

market stats

Although the rest of the United States continues to rebound from the housing crisis with steadily increasing home prices, values in Connecticut continue to remain level. This means that homes in the state are still a bargain, especially considering the historically low interest rates averaging 4.28 percent for a 30-year fixed term.

  • According to Zillow, the median value of a home in Connecticut is $227,200, which shows a decrease of 0.5 percent for the year ending June 2013. The median list price is $279,900 and the median sale price is $257,000.
  • The Willimantic metro area showed an increase in home values of 1.7 percent to a median $163,400, the lowest values in the state. The median list was $189,900 but  no median sale price was given.
  • The highest home values were in Stamford at $369,400 for a 1.6 percent increase. Median list was $529,900 and median sale was $435,700.
  • The biggest drop was in New London with a 1.8 percent decrease to a median $197,400.
  • Compare these prices and percentages to the values in nearby states, which are Rhode Island at $206,900 (2.4%), Massachusetts at $296,400 (5.2%), New Hampshire at $195,900 (3.9%), New Jersey at $259,700 (0.7%), and New York at $239,100 (1.1%).

Search Market Stats By County and Town

Rentals also showed a drop, of 5.1 percent, to a monthly median of $1,400. The following lists median rents in different cites and the percentage changes in parentheses:

  • Hartford: $1,200 (2.1%)
  • New Haven: $1,250 (0%)
  • New London: $1,200 (-7.7%)
  • Stamford: $1,980 (-6%)
  • Torrington: $1,400 (3.7%)

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Connecticut Real Estate Market Report,stats and local area information per town.

A Connecticut Real estate market report is put together quarterly. It includes statistics and descriptions related to  closed sales, pending contracts, median price, months supply of inventory, and percentage changes related to past and current home sales. please enjoy are quarterly market report update presented by Prudential Connecticut Realty.

Click the Prudential link below to receive the Connecticut Real estate market report for the 4th quarter of 2012.

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 Do you like being informed and having analyzed all relevant data before making important decisions? Maybe your just curious? Either way, Check out the latest Connecticut town info and data below.

 Click the Counties below and explore useful Info per town.
• Local  info  • Market Stats  • Yelp scores  • School Info   • Walk Scores  • Things to do

Middlesex County and Town Info

Hartford County and Town Info

New Haven County and Town Info

Tolland County and Town Info

Windham County and Town Info

Litchfield County and Town Info

Fairfield County and Town info

New London County and Town Info

 

 

 

 

 

Listing information is deemed reliable, but not guaranteed. This IDX solution is (c) Diverse Solutions 2013.
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