Milhomme Realty Group, LLC | From the Broker's Desk

Connecticut's real estate market has been hot in recent years, and that trend shows no signs of slowing down. According to recent data, home prices have continued to rise, while inventory remains tight. In fact, some areas of the state are experiencing bidding wars and homes selling above asking price. One factor driving the market is the influx of people from larger metropolitan areas like New York City, who are looking for more space and a quieter lifestyle. Additionally, relatively low interest rates have made it a great time to buy a home in Connecticut. For sellers, now is an excellent time to list your home. With high demand and low inventory, your home is likely to sell quickly and for a great price. For buyers, it's important to work with an experienced real estate agent who can help you navigate the competitive market and find the right home for you.   . Brenda Milhomme, Realtor® Milhomme Realty Group, LLC 157 Tunnel Road, Vernon, CT 06066 (860) 234-9260 call, text or ...

Connecticut is a state located in the Northeastern region of the United States. Known for its beautiful coastline, rolling hills, and charming small towns, Connecticut is a popular destination for tourists and residents alike. However, it is also a state that is experiencing economic growth, particularly in the real estate market. In this blog post, we will take a closer look at the latest market statistics in Connecticut to get a better understanding of the state's current economic situation. Housing Market The housing market in Connecticut has seen steady growth in recent years, with median home prices rising and inventory levels remaining low. According to the National Association of Realtors (NAR), the median home price in Connecticut in 2021 was $275,000, up 5.1% from the previous year. Additionally, the state has seen a decrease in the number of homes for sale, with inventory levels dropping to a low of 2.7 months in 2021. This means that there is high demand for homes in Co...