2019 Connecticut Market Stats

There were a lot of predictions coming into 2019. Now, we have the statistics to see exactly how the real estate market fared over the course of the year.

Overall, Connecticut market statistics for single-family homes and condominiums were comparable to statistics from 2018. 

Below, we break down market stats for the entire state, as well as New London, Middlesex, and New London Counties. 

Connecticut Market Stats

Single-Family Homes

2018

2019

+/-

Number of Sales 35,216 35,371 0.44%
Average Sale Price $365,947 $362,399 -0.97%
Average Days to Sell 67 76 13.43%

Condominiums

2018

2019

+/-

Number of Sales 8,921 8,844 -0.86%
Average Sale Price $214,802 $212,693 -0.98%
Average Days to Sell 72 75 4.17%

In Connecticut, the number of single-family homes that sold increased just slightly from 2018, with 35,371 total homes sold in 2019. 

Statewide, there was a slight drop in the average sales price for single-family homes – from $365,947 in 2018 to $362,399 in 2019. This was not the case in every county. See below for average sale prices for shoreline counties. 

Condominiums across Connecticut saw a slight dip in both the number of sales and average sales price in 2019. The number of sales went down 0.86%, and the average sale price decreased by 0.98%. 

On average, it took about 75 days to sell a residence, which was an increase for both single-family homes and condos statewide. If you are thinking about selling your home this spring, now is the time to get in touch!

New London County Market Stats

Single-Family Homes

2018

2019

+/-

Number of Sales 3,229 3,265 1.11%
Average Sale Price $267,639 $269,642 0.75%
Average Days to Sell 66 75 13.64%

Condominiums

2018

2019

+/-

Number of Sales 442 464 4.98%
Average Sale Price $176,451 $168,385 -4.57%
Average Days to Sell 97 74 -23.71%

Single-family homes in New London County saw slight increases in both the number of sales and average sale prices in 2019. The average sale price rose by 0.75% to $269,642. It did, however, take an additional 11 days to sell a home, on average. 

Condominiums in New London County saw a more significant increase in the number of sales with 464 condos sold, up from 442 in 2018. The average condo sales price decreased by 4.57% in 2019. Condos sold more quickly than they did the previous year, dropping from 97 days to sell in 2018 to 74 days in 2019. 

Highest sales in New London County in 2019:

Highest Single-Family Sale: $2.6M

  • 4 Black Duck Road, Stonington

Highest Condominium Sale: $1.55M

  • 1 Church Street Unit G + H, Stonington

For a breakdown of New London County by town, see below:

Middlesex County Market Stats

Single-Family Homes

2018

2019

+/-

Number of Sales 2,009 1,995 -0.70%
Average Sale Price $314,046 $331,269 5.48%
Average Days to Sell 72 79 9.72%

Condominiums

2018

2019

+/-

Number of Sales 435 403 -7.36%
Average Sale Price $176,195 $171,963 -2.40%
Average Days to Sell 78 86 10.26%

In Middlesex County, the number of single-family sales was similar to 2018, dropping by 0.70%. The average sale price climbed 5.48% in 2019 to $331,269. On average, it took an additional 7 days to sell single-family homes than in 2018.

Condominium sales in Middlesex County saw a decrease in both the number of sales and average sale price. In 2019, 403 condo units sold at an average sale price of $171,963.

Highest sales in Middlesex County in 2019:

Highest Single-Family Sale: $8.5M

  • 20 Nibang Avenue, Old Saybrook

Highest Condominium Sale: $715,000

  • 81 Coulter Street Unit 9, Old Saybrook

For a breakdown of Middlesex County by town, see below:

New Haven County Market Stats

 

Single-Family Homes

2018

2019

+/-

Number of Sales 7,693 7,702 0.12%
Average Sale Price $272,216 $277,191 1.82%
Average Days to Sell 63 70 11.11%

Condominiums

2018

2019

+/-

Number of Sales 2,281 2,271 -0.44%
Average Sale Price $175,780 $176,743 0.54%
Average Days to Sell 72 77 6.94%

The number of single-family sales in New Haven County was comparable to the previous year, with a 0.12% increase in sales in 2019. The average sale price sale increased by almost $5,000 to $277,191. Similar to other counties, the number of days to sell a home increased from 63 days in 2018 to 70 days in 2019. 

Condominium sales had similar results to single-family homes in New Haven County. The number of sales decreased by 0.44%, while the average sale price increased by 0.54% in 2019. 

Highest sales in New Haven County in 2019:

Highest Single-Family Sale: $7M

  • 134 Old Quarry Road, Guilford

Highest Condominium Sale: $1,985,275

  • 66 High Street Unit 39, Guilford

For a breakdown of New Haven County by town, see below:

 

Are you interested in learning how your property compares to these results? 

Contact Us!

**Video data was pulled from CTMLS on 1/2/2020, no exclusions.**

**Blog number tables were pulled from CTMLS on 1/13/2020, no exclusions.**

**Raveis Reports data excluded certain deals (i.e., leased land).**

 

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