The Market Report

The Market Report


Fourth Quarter 2016



Welcome to Berkshire Hathaway HomeServices New England Properties’ Fourth Quarter 2016 Connecticut Market Report, our examination of the single family and condominium markets throughout the state compared with trends across the Northeast and nationwide.

Connecticut single family home sales statistics for the fourth quarter of 2016 remained mostly flat. When compared to the fourth quarter of 2015, there were only 93 more single family homes sold and the average price was down 1.64%. Sales volume decreased by only 0.39%. The average price in New Haven and Windham Counties increased by 6.32% and 4.47% respectively, in line with buyer trends. New Haven County offers the opportunity to live in single family homes close to universities and urban areas while Windham County offers the best prices in the state for entry level buyers. Condominium sales saw an uptick of 4% this quarter when compared to 2015, however prices remained similar year over year. Homes for sale under $1.5M in Fairfield County spent fewer days on the market compared to last year and total sales in this range increased by 2.67%.

While the market did slow down at the end of October and early November, the end of the election spurred activity across the state. From November 8th – 30th, days on market dropped by nearly 10% and there were 20.61% more sales year over year. The volatility of the election affected our local market and that it was over, regardless of President-elect, gave buyers the push forward.

If you have any questions regarding this report or real estate questions in general, Berkshire Hathaway HomeServices New England Properties Realtors® are here to help you navigate the current market with expert knowledge and exceptional service.

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.

If you have any questions regarding this report or real estate questions in general, Berkshire Hathaway HomeServices New England Properties Realtors® are here to help you navigate the current market with expert knowledge and exceptional service.


Strategic Partners

luxuryhomes.com
duPont Registry
Doyle New York
Realty Alliance