Wallingford, CT – Berkshire Hathaway HomeServices New England Properties has released its Second Quarter 2016 Connecticut Market Report, a valuable resource for anyone looking to buy or sell a home. The report examines the single family and condominium markets throughout Connecticut and is an in-depth analysis of sales and emerging trends in the market.
Connecticut saw an increase in both single family home and condominium sales this quarter (up 9.4% and 2.0% respectively) when compared to last year. Average price dropped 8.5% to $385,500 for single family homes which kept days on market flat year over year. Across the state, first time homebuyers were out in droves this quarter picking up desirable inventory in the lower end of the market. These buyers continue to do a lot of their homework online, making professional photography of updated interiors imperative at every price point.
“The steady gains of the second quarter should continue through the summer,” stated Candace Adams, CEO of Berkshire Hathaway HomeServices New England and Westchester Properties. “Value and supply will drive the market.”
Current buyers who can afford the higher end homes in their respective markets are getting a great value and more for their money when compared to years past. Excellent selection of inventory, lower prices and historically low interest rates create an optimum time to enter the luxury market. For the full market report, please visit: https://www.bhhsneproperties.com/connecticut-market-report.aspx.
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, our Realtors® are here to help you navigate the current market with expert knowledge and exceptional service.
Berkshire Hathaway HomeServices New England and Westchester Properties is a leading real estate brokerage firm with over 1,800 REALTORS® in Connecticut, Rhode Island, and Westchester County, NY. Selectively chosen by Berkshire Hathaway HomeServices and HomeServices of America; the global reach, financial strength and fresh brand make Berkshire Hathaway HomeServices New England and Westchester Properties the premiere real estate firm in the Northeast. Whether it be residential, commercial, corporate relocation, equestrian or waterfront living, our company and REALTORS® are local market experts committed to providing exceptional service to our clients. For more information, visit www.bhhsNEproperties.com.