As Sun Belt metros see demand for homes evaporate in the summer heat, by one measure Connecticut’s three major markets are doing well.
With demand from people relocating to more sun-drenched markets thanks to an ability to work remotely already fading, many Sun Belt metros face a growing risk of seeing a downturn in their housing markets, according to a new analysis.
In each of Connecticut’s three biggest metro areas, home prices have risen so far not only is renting far cheaper than buying the median home, that home is out of reach of the majority of buyers.
Suddenly red-hot after years of relative stagnation, the Connecticut real estate market left many move-up buyers stuck in their homes last year and is poised to do so again in 2021, Realtors across the state say.
Pearce Real Estate has a new Realtor, the company said in a statement Wednesday.
It was another somewhat bearish year for Connecticut’s housing market, as total single-family home sales dipped, while prices barely increased. Still, some bright spots appeared that are worth a closer look.