2016 HIGHLIGHTS
HARTFORD, CT
+ 18.62%
AVERAGE RESIDENTIAL SALES PRICE: $114,072
+14.03%
AVERAGE DAYS ON MARKET: 65
First-time Buyers Drive Sales

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.

Steady Growth in the Market

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.

+ 18.48%
DANBURY, CT
2016 NUMBER OF UNITS SOLD
[ 282 ]

Single-family Make Up

Single-family homes dominate the housing market across the state and this is not expected to change much in the year ahead. However, there is expected to be continued growth in the condo market in Hartford as millennials opt to buy rather than rent.

First-time Buyers Dominate

Low interest rates, job opportunities and wage increases are key factors driving sales across the state. In Hartford, programs that offer down payment assistance are on the rise, which will give confidence to first-time buyers.

Affordability is Key

Homes priced at or below $300K sell quickly, driving sales from those attracted to affordable prices and this is expected to continue in 2017. In areas like Hartford, the condo market is predicted to grow in the year ahead.

STATEWIDE TRENDS

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.

FEATURED MARKETS

Click the states below to explore market trends

CONNECTICUT

MASSACHUSETTS

NEW HAMPSHIRE

RHODE ISLAND

VERMONT

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