CONNECTICUT
Home Sales Down, Average Price Up
Home sales are down 2.4% year over year, with August 2025 at 3,559 compared to 3,645 last August. Sales are down for single-family homes and up for condos.
- Single families: 2,917 (2024) | 2,813 (2025)
- Condominiums: 728 (2024) | 746 (2025)
The average sale price has increased by 7.1% compared to last year, now at $631,999 from $589,896. Prices increased for single-family homes and decreased for condos.
- Single families: $643,069 (2024) | $700,422 (2025)
- Condominiums: $376,839 (2024) | $374,081 (2025)
Homes Listed For Sale:
The number of homes listed is up by 2.6% when compared to August 2024.
- 2025: 3,751
- 2024: 3,657
- 2023: 3,666
Pending Home Sales:
The number of homes placed under contract is up by 4.4% when compared to August 2024.
- 2025: 3,256
- 2024: 3,119
- 2023: 3,365
Data provided by SmartMLS then compared to the prior year.
What’s Happening in the Market?
- In August 2025, national home sales remained at the same level as July, with a -0.2% change month over month from July. According to NAR Chief Economist Lawrence Yun, “Home sales have been sluggish over the past few years due to elevated mortgage rates and limited inventory. However, mortgage rates are declining and more inventory is coming to the market, which should boost sales in the coming months.”
- Connecticut home sales decreased 3.6% year over year and average prices increased 8.9%.
- According to Mortgage News Daily, mortgage rates closed August at about 6.5%. Currently, they’re at 6.37% after a dip to 6.13% earlier in September. Buyers should make sure their pre-approvals reflect today’s rates, since they change quickly.
- Fall consistently proves to be the best time to purchase, as increased inventory, shifting competition, and more all work in a buyer’s favor.
- Thinking of selling this Fall? This season creates strong opportunities to capture motivated buyers. Our guide outlines key steps to help you enhance interest and succeed in the current market.
- Buyers—don’t pass on homes that have been sitting on the market a little longer. Seasonal trends can add to days on market, even for great properties. Touring these listings could uncover hidden gems.