Highlights:
- Existing CT Home Sales are now at an annual pace of 5.52 million.
- Inventory of existing CT homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines.
- The median price of homes sold in CT in June was $263 …
Market Activity
July 28, 2017
CT Home Inventory Drops Again, Sales Slow
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July 26, 2017
84% of CT Residents Believe Buying A Home is A Good Financial Decision
According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of CT Residents now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe …
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July 25, 2017
Singles Are Falling For Their Dream CT Home First
![Singles Are Falling for Their Dream Home First [INFOGRAPHIC] | MyKCM](https://d8yi0qr1xsq5x.cloudfront.net/2017/06/26165952/20170721-Single-Homebuyers-STM-1046x1354.jpg)
Some Highlights:
- According to NAR’s Profile of Home Buyers & Sellers, the share of recent CT homebuyers who were single at the time of purchase held steady at 24% last year.
- The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of …
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July 24, 2017
CT Housing Inventory Hits a New Low... List Your House With Dave Jones Realty TODAY!
Every summer, families in CT decide if this will be the year they sell their current house and move into their dream home.
Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same …
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July 21, 2017
3 Tips to Succeed in Today's CT Real Estate Market
In today’s highly competitive CT real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home.
The 3 tips I am going to expand on today …
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July 20, 2017
Thinking of Selling in CT? You Should Act NOW!
If you thought about selling your house in CT this year, now more than ever may be the time to do it! The inventory of CT homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand …
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July 18, 2017
CT Homeowners: Your Home Must Be Sold TWICE
In today’s CT housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that CT home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.
If …
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July 14, 2017
CT Home Buying Myths Slayed
![Home Buying Myths Slayed [INFOGRAPHIC] | MyKCM](https://d8yi0qr1xsq5x.cloudfront.net/2017/07/11143516/Slaying-Myths-STM-1046x1477.jpg)
Some Highlights:
- CT Interest rates are still below historic numbers.
- 88% of property managers raised their rent in the last 12 months!
- The credit score requirements for mortgage approval continue to fall.
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July 13, 2017
5 Reasons Why You Should Not For Sale By Owner in CT
In today’s market, with CT home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers …
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July 12, 2017
Epic CT Housing Shortage Being Reported
The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study.
The first two revelations centered around the shortage of CT housing inventory currently available in …
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