December 2020 Market Statistics

December followed the same trend from the past several months, with year-over-year decreases in the number of listings and increases in average sale prices. 

Keep reading as we break down single-family and condominium market statistics across Connecticut and in New Haven, Middlesex, and New London Counties.

Connecticut Market Statistics

Single-Family Homes

20192020+/-
Active Listings12,1107,618-37.09
Number of Sales2,9094,21544.9%
Average Days to Sell8052-35%
Average Sale Price$356,617$471,66732.26%

Condominiums

20192020+/-
Active Listings2,5592,036-20.44%
Number of Sales75599932.32%
Average Days to Sell7559-21.33%
Average Sale Price$225,687$247,6409.73%

In Connecticut, there was a 37% year-over-year decrease in the number of single-family homes listed for sale. The number of sales increased by almost 45% compared to December 2019. Properties sold quickly this December, with an average of 52 days on the market. The average sale price increased by 32% since last year, up to $471,667.

Condominiums across Connecticut also saw decreased inventory, down 20% from December 2019. However, unit sales increased by 32%. The average days to sell dropped to 59, and there was a 9.7% increase in the average sale price. 

New Haven County Market Statistics

Single-Family Homes

20192020+/-
Active Listings2,1761,600-26.47%
Number of Sales60684839.93%
Average Days to Sell6949-28.99%
Average Sale Price$260,901$324,12824.23%

Condominiums

20192020+/-
Active Listings627428-31.74%
Number of Sales17423132.76%
Average Days to Sell6657-13.64%
Average Sale Price$188,185$201,9327.31%

In New Haven County, there was a 26% decrease in the number single-family homes actively listed for sale. The number of sales, however, increased by almost 40% in December 2020. It took just 49 days to sell, on average, and the average sale price increased by 24% to $324,128. 

Condominium sales also had a decrease in active listings in New Haven County, down 31% compared to the previous year. The number of sales increased by 32%, and these units closed in 57 days, on average. The average sale price for condos increased by 7% in December 2020, to $201,932.

Middlesex County Market Statistics

Single-Family Homes

20192020+/-
Active Listings846601-28.96%
Number of Sales17822626.97%
Average Days to Sell8541-51.76%
Average Sale Price$322,885$387,06719.88%

Condominiums

20192020+/-
Active Listings10266-35.29
Number of Sales425121.43%
Average Days to Sell6532-50.77%
Average Sale Price$171,674$232,04235.16%

The number of single-family homes listed for sale in Middlesex County decreased by almost 29% in December 2020, when compared to December 2019. However, the number of sales increased by almost 27%. The average days on market dropped to 41 days, and the average sale price increased to $387,067.

Condo units actively listed for sale also decreased in Middlesex County, by 35%, while the number of sales increased by 21%. Condo units closed very quickly – in just 32 days, on average. The average sale price increased by 35%, to $232,042. 

New London County Market Statistics

Single-Family Homes

20192020+/-
Active Listings1,089581-46.65%
Number of Sales26235435.11
Average Days to Sell8343-48.19%
Average Sale Price$263,316$351,30033.41%

Condominiums

20192020+/-
Active Listings181104-42.54%
Number of Sales435937.21%
Average Days to Sell7465-12.16%
Average Sale Price$183,788$193,8205.46%

In New London County, there was a 46% decrease in the number of active listings for single-family homes in December 2020. The number of sales increased by 35%, with the average days to sell dropping to 43 days. The average sale price increased by 33% to $351,300. 

The number of condominiums listed for sale decreased by 42%, while the number of sales increased by 37% in December 2020. On average, it took 65 days for condos in New London County to close. The average sale price increased by 5% to $193,820. 

Now that we have entered 2021, we expect these trends to continue. If you have questions about buying or selling in today’s market, contact us today!

Questions? Contact Us!

**All statistics pulled from SmartMLS on 1/6/21, with no exclusions. 

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