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
| 2019 | 2020 | +/- | |
| Active Listings | 12,110 | 7,618 | -37.09 |
| Number of Sales | 2,909 | 4,215 | 44.9% |
| Average Days to Sell | 80 | 52 | -35% |
| Average Sale Price | $356,617 | $471,667 | 32.26% |
Condominiums
| 2019 | 2020 | +/- | |
| Active Listings | 2,559 | 2,036 | -20.44% |
| Number of Sales | 755 | 999 | 32.32% |
| Average Days to Sell | 75 | 59 | -21.33% |
| Average Sale Price | $225,687 | $247,640 | 9.73% |
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
| 2019 | 2020 | +/- | |
| Active Listings | 2,176 | 1,600 | -26.47% |
| Number of Sales | 606 | 848 | 39.93% |
| Average Days to Sell | 69 | 49 | -28.99% |
| Average Sale Price | $260,901 | $324,128 | 24.23% |
Condominiums
| 2019 | 2020 | +/- | |
| Active Listings | 627 | 428 | -31.74% |
| Number of Sales | 174 | 231 | 32.76% |
| Average Days to Sell | 66 | 57 | -13.64% |
| Average Sale Price | $188,185 | $201,932 | 7.31% |
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
| 2019 | 2020 | +/- | |
| Active Listings | 846 | 601 | -28.96% |
| Number of Sales | 178 | 226 | 26.97% |
| Average Days to Sell | 85 | 41 | -51.76% |
| Average Sale Price | $322,885 | $387,067 | 19.88% |
Condominiums
| 2019 | 2020 | +/- | |
| Active Listings | 102 | 66 | -35.29 |
| Number of Sales | 42 | 51 | 21.43% |
| Average Days to Sell | 65 | 32 | -50.77% |
| Average Sale Price | $171,674 | $232,042 | 35.16% |
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
| 2019 | 2020 | +/- | |
| Active Listings | 1,089 | 581 | -46.65% |
| Number of Sales | 262 | 354 | 35.11 |
| Average Days to Sell | 83 | 43 | -48.19% |
| Average Sale Price | $263,316 | $351,300 | 33.41% |
Condominiums
| 2019 | 2020 | +/- | |
| Active Listings | 181 | 104 | -42.54% |
| Number of Sales | 43 | 59 | 37.21% |
| Average Days to Sell | 74 | 65 | -12.16% |
| Average Sale Price | $183,788 | $193,820 | 5.46% |
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.