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Connecticut Market Report

Connecticut market report




Third Quarter 2014



Welcome to Berkshire Hathaway HomeServices New England Properties’ Third Quarter Connecticut Market Report, our examination of the single family and condominium markets in Fairfield, Hartford, Litchfield, Middlesex, New Haven, New London, Tolland and Windham Counties.

The Connecticut housing market showed consistency year over year with 8,461 closed sales, with single family home average and median prices remaining flat or slightly declining. Days on market have decreased, while supply has increased, creating a perfect environment for buyers.

As we look to the last few months of 2014, we anticipate that national economic trends will influence pricing and buyer confidence. With still-low interest rates, an abundance of supply, and stabilized pricing, the remainder of 2014 proves to be a promising buyer’s market.

At Berkshire Hathaway HomeServices New England Properties, our mission is to provide an unparalleled customer service experience throughout all aspects of the home transaction process. If you have any questions regarding this report, Berkshire Hathaway HomeServices New England Properties Realtors are here to help you navigate the current market with expert knowledge and exceptional service.