Watch outtakes from the 2020 NAR Real Estate Forecast Summit.
For the third month in a row, home sales are up 20% year over year. This sustained surge in buyer activity is a clear indicator that demand in the Connecticut real estate market remains incredibly strong. Even as mortgage rate fluctuations and national economic uncertainty continue to make headlines, local buyers and investors are demonstrating remarkable confidence in the housing market. Families seeking more space, renters looking to build equity, and investors searching for long-term stability are all driving this competitive environment.
However, while demand continues to rise, the number of homes available for sale has not kept pace. Inventory across much of Connecticut has tightened further, reaching levels that are significantly lower than what we have seen in previous years. In fact, months’ supply is now sitting under the 2-month mark—far below the 6 months that would indicate a balanced market. This imbalance between supply and demand has created extremely tight conditions where well-priced homes are selling quickly, often with multiple offers, and sometimes well above the asking price.
For current homeowners, these conditions represent an exceptional opportunity. Reduced competition from other sellers, combined with a strong pool of motivated buyers, allows sellers to maximize their equity and achieve the strongest possible price for their home. If you have been considering selling, this may be one of the most favorable environments you’ll see for years. With buyer demand remaining steady and inventory remaining low, your property will stand out, attract immediate attention, and position you to negotiate excellent terms.
At the same time, prices across Connecticut continue to rise. This upward pressure is partly caused by the limited number of homes on the market and partly driven by the intense appetite buyers have for quality housing. Many markets around the state are experiencing price increases that show no signs of slowing down. While this is great news for current homeowners building equity, it poses challenges for first-time buyers—especially those hoping to purchase in 2021.
First-time buyers are facing increased competition, fewer choices, bidding wars, and rising prices. Many are having to adjust their expectations regarding home size, location, or the level of updates they desire. Others are preparing themselves months in advance—getting pre-approved, saving aggressively, and working closely with experienced real estate professionals who can give them an edge in this fast-moving market.
This is why partnering with the right real estate expert is absolutely essential right now. With nearly two decades of experience helping Connecticut buyers, sellers, and investors navigate ALL types of market cycles, I’m here to make sure you succeed, no matter what side of the transaction you’re on.
Whether you’re buying your first home, selling a property to upgrade or downsize, exploring investment opportunities, or looking to begin a new career in real estate, having the right strategy—and the right representation—will make all the difference. I understand the complexities of the local market, the challenges buyers and sellers face, and the opportunities that exist even in the most competitive environments. My goal is always to protect your interests, advocate for your financial goals, and make the entire process smoother, faster, and more profitable for you.
For buyers, I work aggressively to identify opportunities before they hit the market, guide you through financing options, strengthen your offers, and help you purchase with confidence. For sellers, I use a proven pricing and marketing strategy designed to maximize exposure, attract top-tier buyers, and generate the strongest offers possible. Investors benefit from my knowledge of market trends, cash-flow analysis, and long-term wealth-building strategies.
And for those looking to pursue a career in Connecticut real estate, this is an extraordinary time to do so. The strength of the market, combined with new buyer activity and historic industry shifts, has created tremendous opportunities for motivated individuals. I provide mentorship, guidance, and the tools necessary to help jump-start a successful and rewarding career in this growing field.
No matter what your real estate needs may be, I’m here to support you every step of the way. Connecticut real estate continues to offer strong value, long-term stability, and opportunities for anyone ready to take a step toward financial growth and security.
To Buy, Sell, Invest, Lease or Pursue A Career In Connecticut Real Estate,
Call Or Text The Connecticut Real Estate Broker, Steve Schappert Now
📞 203-994-3950
