Connecticut will experience rapid sales from first-time buyers in 2017, especially in highly populated areas like Hartford and Bridgeport. High demand for affordable, move-in ready homes close to cities will continue to drive sales from first-time, millennial buyers seeking a quality place to start a family.
Brokers predict the overall 2017 Connecticut market will remain similar to that of 2016. Affordable homes located near cities such as Hartford will sell quickly, with interest in condos on the rise. Quality education and job opportunities attract a steady stream of homebuyers into Connecticut.
While average residential sales prices have remained consistent over the last four years, average days on market has fluctuated, but shows a decreasing trend across the state. This shows price stability and continued demand from buyers.