January 20, 2025 - 10:28
After another real estate boom year in a number of Connecticut towns, listings remain varied as the market enters 2025. The state has seen a significant shift in buyer behavior, largely influenced by persistently high mortgage rates. While some areas continue to attract eager buyers, others are experiencing a slowdown in activity.
In regions where demand remains strong, properties are still being sold quickly, often at or above asking prices. However, in certain markets, the elevated borrowing costs are causing potential buyers to reconsider their options, leading to a backlog of unsold homes.
Experts suggest that while the overall market may appear mixed, there are pockets of opportunity for both buyers and sellers. Those looking to enter the market might find favorable conditions in areas with lower competition, while sellers in high-demand neighborhoods could still benefit from the ongoing interest. As the year unfolds, the Connecticut real estate landscape will likely continue to evolve, reflecting broader economic trends and consumer sentiment.
