The Real Deal: Connecticut home prices continue to rise amid tight supply and high mortgage rates
Caleb Silver of Investopedia says, "Home prices have gone nothing but higher in the past year in Connecticut. Why? Tight supply and very high mortgage rates are putting the housing market still in that deep freeze."
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Jan 17, 2025, 11:59 AM
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Updated 7 hr ago
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2ds agoHome prices in Connecticut have continued to rise over the past year, despite a slowdown in the housing market, according to experts.
Caleb Silver of Investopedia says, "Home prices have gone nothing but higher in the past year in Connecticut. Why? Tight supply and very high mortgage rates are putting the housing market still in that deep freeze."
The typical home prices in major counties in Connecticut are:
- Fairfield County: $627,000, up 5% from last year
- Litchfield County: $391,000, up 6.5% from last year
- New Haven County: $370,000, up 6.9% from last year
- Hartford County: $352,000, up 7.6% from last year
Silver expects home prices to remain elevated throughout the rest of the year.
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