CONNECTICUT
Home Sales Down, Average Price Up
Home sales are down 1.5% year over year, with March 2025 at 2,202 compared to 2,235 last March. Sales are down for single-family homes, but up for condos.
- Single families: 1,697 (2024) | 1,613 (2025)
- Condominiums: 538 (2024) | 589 (2025)
The average sale price has increased by 7.0% compared to last year, now at $537,599 from $502,522. Prices increased for all categories.
- Single families: $550,678 (2024) | $608,266 (2025)
- Condominiums: $350,625 (2024) | $344,196 (2023)
Homes Listed For Sale:
The number of homes listed is up by 16.1% when compared to March 2024.
- 2025: 3,687
- 2024: 3,177
- 2023: 3,376
Pending Home Sales:
The number of homes placed under contract is up by 6.5% when compared to March 2024.
- 2025: 2,173
- 2024: 2,548
- 2023: 2,785
Data provided by SmartMLS then compared to the prior year.
What’s Happening in the Market?
- In March 2025, national home sales decreased 2.4% compared to a year ago, Following this trend, Connecticut saw a decrease in homes sold.
- According to Mortgage News Daily, March mortgage rates ended around 6.7%. In April, there was some fluctuation, dipping down to 6.6% early in the month and now ending around the 6.9% range.
- With the spring market heating up, we’re seeing a noticeable increase in listings over last year. If you’re considering a move!
- We’re seeing a rise in new listings this spring, which is steadily growing the available inventory. For buyers, that means more choices—and with grants to help cover down payments or closing costs, it’s a great time to explore homeownership.