The trend continued in April 2021: low inventory, coupled with low mortgage rates, has resulted in fewer homes listed for sale and an increase in median sale price across the state.
Take a look at the April 2021 market stats for all of Connecticut, as well as New Haven, Middlesex, and New London Counties.
Connecticut Market Statistics
Single-Family Homes
| 2020 | 2021 | +/- | |
| Active Listings | 11,344 | 7,801 | -31.23% |
| Number of Sales | 2,621 | 3,209 | 22.43% |
| Average Days to Sell | 77 | 53 | -31.17% |
| Median Sale Price | $280,000 | $340,000 | 21.43% |
Condominiums
| 2020 | 2021 | +/- | |
| Active Listings | 2,542 | 2,052 | -19.28% |
| Number of Sales | 585 | 963 | 64.62% |
| Average Days to Sell | 72 | 56 | -22.22% |
| Median Sale Price | $175,000 | $205,000 | 17.14% |
For single-family homes across the state of Connecticut, there was a 31.23% decrease in the number of active listings comparted to April 2020. The number of sales increased by 22.43%, and the average days to sell dropped to 53 days. The median sale price increased by 21.43% to $340,000.
Condominiums in Connecituct saw similar trends in April 2021. The number of active listings decreased by 19.28%, and the number of sales increased by 64.62%. The average days to sell decreased to 56 days, while the median sale price rose 17.14% to $205,000.
New Haven County Market Statistics
Single-Family Homes
| 2020 | 2021 | +/- | |
| Active Listings | 2,088 | 1,543 | -26.1% |
| Number of Sales | 515 | 712 | 38.25% |
| Average Days to Sell | 69 | 49 | -28.99% |
| Median Sale Price | $254,000 | $289,000 | 13.78% |
Condominiums
| 2020 | 2021 | +/- | |
| Active Listings | 631 | 451 | -28.53% |
| Number of Sales | 155 | 214 | 38.06% |
| Average Days to Sell | 73 | 51 | -30.14% |
| Median Sale Price | $149,900 | $169,950 | 13.38% |
In New Haven County, the number of active listings for single-family homes decreased by 26.1%, while the number of sales increased by 38.25%. The average days to sell was just 49 days. The median sale price increased by 13.78% to $289,000.
Condo units in April 2021 had a 28.53% decreased in the number of active listings, and a 38.06% increase in the number of sales. The average days to sell decreased to 51 days, and the median sale price increased to $169,950, a 13.38% increase.
Middlesex County Market Statistics
Single-Family Homes
| 2020 | 2021 | +/- | |
| Active Listings | 708 | 528 | -25.42% |
| Number of Sales | 137 | 200 | 45.99% |
| Average Days to Sell | 95 | 51 | -46.32% |
| Median Sale Price | $287,000 | $334,500 | 16.55% |
Condominiums
| 2020 | 2021 | +/- | |
| Active Listings | 105 | 56 | -46.67% |
| Number of Sales | 25 | 46 | 84% |
| Average Days to Sell | 73 | 59 | -19.18% |
| Median Sale Price | $161,000 | $171,000 | 6.21% |
The number of single-family homes listed for sale in Middlesex County decreased by 25.42% in April 2021. There was an 45.99% increase in the number of sales compared to the previous year, and the average days to sell decreased to 51 days. The median sale price increased by 16.55% to $334,500.
Condo units in Middlesex County saw a 46.67% decrease in the number of active listings, and an 84% increase in the number of sales. The average days to sell was 59 days, and the median sale price increased by 6.21% to $171,000.
New London County Market Statistics
Single-Family Homes
| 2020 | 2021 | +/- | |
| Active Listings | 987 | 591 | -40.12% |
| Number of Sales | 243 | 285 | 17.28% |
| Average Days to Sell | 75 | 43 | -42.67% |
| Median Sale Price | $245,000 | $309,000 | 26.12% |
Condominiums
| 2020 | 2021 | +/- | |
| Active Listings | 150 | 79 | -47.33% |
| Number of Sales | 31 | 47 | 51.61% |
| Average Days to Sell | 54 | 81 | 50% |
| Median Sale Price | $150,000 | $195,000 | 30% |
In New London County, the number of single family homes actively listed for sale decreased by 40.12% compared to April 2020. The number of sales increased by 17.28%, and the average days to sell dropped to 43 days. The median sale price in April 2021 was $309,000, a 26.12% increase compared the previous year.
Condo units in New London County had a 47.33% decrease in the number of listings in April 2021, and a 51.61% increase in the number of sales. The average days to sell increased to 81 days, and the median sale price increased by 30% to $195,000.
**All statistics pulled from SmartMLS on 5/11/21, with no exclusions.
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