For this report, we are examining the Connecticut real estate market and we are focusing on two property types: single-family homes and condominiums. The numbers for 2024 in this report look different than last year’s as SmartMLS stopped tracking multifamilies in 2025.
Number of Homes Sold Increased by 3.1%
Home sales increased across all categories, now at 15,203 sales in the first six months of 2025, compared to 14,750 last year:
- Single family home sales increased by 2.6% and condo sales rose by 4.7%
- Last year, Connecticut saw a slight increase in listings, which typically signals an upcoming rise in sales, helping explain the sales growth we’re seeing in 2025.
- The chart below shows that, besides seeing a very slight decline in March, every other month this year, home sales have seen an increase when compared to 2024.
Prices Increase 5.5%
Homes Listed Increased 6.4%
There were 22,136 new listings in the first half of 2025 compared to 20,806 in 2024..
- 2023 saw the lowest number of homes listed in two decades, and it seems that was the bottom. Many sellers were hesitant to list their homes in an attempt to hold onto their pandemic-level rates. However, it comes to a point where making moves is not always a choice, especially when faced with certain life changes such as divorce, family growth, empty nesters, relocations, and job/income fluctuations.
- As we’re beginning to see an increase in new listings, homes are also starting to remain on the market a bit longer with fewer bidding wars. These trends indicate a shift toward a more balanced market. As more sellers enter the market, buyers are gaining more options and negotiating power.
- Generally, the number of new listings is an indicator of future pending sales, so with listings number up, we will hopefully see higher pending sales in the fall.
Pending Sales Increased 4.3%
The number of homes placed under contract increased 4.3% year over year, with 16,845 pendings for the first half of 2025 compared to 16,150 in 2024.
- More listings and inventory have given buyers more of a chance to buy, and therefore, pending sales have risen a bit. However, the increase in pending listings is small compared to years past, and the market is still tight.
- Generally, the number of homes pending is an indicator of future closed sales, so we could see a slight rise in sales into the fall.
Predictions for the Rest of the Year
The Connecticut housing market is expected to experience moderate growth in the second half of 2025. A growing number of property listings points to a likely increase in pending sales and overall market activity as we move into the fall season.
This rise in inventory is anticipated to create more favorable conditions for buyers, especially those who faced intense competition and limited availability in 2024. That said, buyers will need to remain prepared and act quickly when the right opportunity arises. Affordability will continue to be a concern for many, as home prices and the cost of living in Connecticut remain elevated.
For sellers, the market is gradually shifting toward a more balanced environment. Competitive, well-informed pricing strategies will be essential to attract serious buyers in a less aggressive market climate.
Overall, Connecticut’s housing market is showing signs of stabilization, with a healthier alignment between supply and demand. This trend is expected to support more sustainable and steady growth throughout the remainder of the year.
Data provided by SMARTMLS then compared to the prior year.