May 2021 was a record-breaking month in Connecticut real estate, with an increase in the number of sales and median sale price year-over-year.
Take a look at the May 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 | 11,407 | 8,544 | -25.1% |
| Number of Sales | 2,827 | 3,342 | 18.22% |
| Average Days to Sell | 72 | 40 | -44.44% |
| Median Sale Price | $285,000 | $345,000 | 21.05% |
Condominiums
| 2020 | 2021 | +/- | |
| Active Listings | 2,538 | 2,106 | -17.02% |
| Number of Sales | 612 | 895 | 46.24% |
| Average Days to Sell | 71 | 42 | -40.85% |
| Median Sale Price | $179,900 | $208,000 | 15.62% |
Across Connecticut, the number of single-family homes listed for sale decreased by 25%, while the number of sales increased by 18% in May 2021. The average days to sell decreased to 40 days, and the median sale price increased 21% to $345,000.
The number of condominiums listed for sale in Connecticut decreased by 17% compared to May 2020, and the number of sales increased by 24%. On average, it took 42 days to sell, and the median sale price increased by 15.6% to $208,000.
New Haven County Market Statistics
Single-Family Homes
| 2020 | 2021 | +/- | |
| Active Listings | 2,031 | 1,731 | -14.77% |
| Number of Sales | 571 | 740 | 29.6% |
| Average Days to Sell | 60 | 39 | -35% |
| Median Sale Price | $250,000 | $302,000 | 20.8% |
Condominiums
| 2020 | 2021 | +/- | |
| Active Listings | 570 | 469 | -17.72% |
| Number of Sales | 156 | 216 | 38.46% |
| Average Days to Sell | 74 | 40 | -45.95% |
| Median Sale Price | $154,700 | $190,000 | 22.82% |
In New Haven County, single-family homes listed for sale decreased by 14.8%, while the number of sales increased by 29.6% in May 2021, as compared to May 2020. It took 39 days to sell a home, on average, and the median sale price climbed to $302,000, a 20.8% increase.
The number of condo units for sale in New Haven County decreased by 17.7%. Sales increased greatly in May 2021, up 38.5% from the previous year. The average days to sell dropped to 40 days, and the median sale price increased by 22.8% to $190,000.
Middlesex County Market Statistics
Single-Family Homes
| 2020 | 2021 | +/- | |
| Active Listings | 717 | 539 | -24.83% |
| Number of Sales | 171 | 212 | 23.98% |
| Average Days to Sell | 87 | 33 | -62.07% |
| Median Sale Price | $307,900 | $342,864 | 11.36% |
Condominiums
| 2020 | 2021 | +/- | |
| Active Listings | 100 | 92 | -8% |
| Number of Sales | 24 | 40 | 66.67% |
| Average Days to Sell | 131 | 23 | -82.44% |
| Median Sale Price | $141,500 | $189,950 | 34.24% |
Single-family homes listed for sale decreased by 24.8% in Middlesex County, while the number of sales increased by almost 24%. On average, it took 33 days to close a home, with the price increasing by 11.4% to $342,864.
The number of condo units listed for sale decreased by 8% in May 2021. The number of sales increased by 66.7%, taking just 23 days to sell, on average. The median sale price increased by 34% to $189,950.
New London County Market Statistics
Single-Family Homes
| 2020 | 2021 | +/- | |
| Active Listings | 953 | 670 | -29.69% |
| Number of Sales | 252 | 319 | 26.59% |
| Average Days to Sell | 65 | 33 | -49.23% |
| Median Sale Price | $250,000 | $289,900 | 15.96% |
Condominiums
| 2020 | 2021 | +/- | |
| Active Listings | 154 | 86 | -44.16% |
| Number of Sales | 33 | 44 | 33.33% |
| Average Days to Sell | 42 | 39 | -7.14% |
| Median Sale Price | $144,500 | $156,138 | 8.05% |
In New London County, the number of single-family homes listed for sale decreased by 29.7%, while the number of sales increased by 26.6%. The average days to sell decreased to just 33 days, on average. In May 2021, the median sale price increased by almost 16% to $289,900.
Condo units listed for sale decreased by 44%, while the number of sales increased by 33%. The average days to sell dropped to 39 days, and the median sale price increased by 8% to $156,138.
**All statistics pulled from SmartMLS on 6/8/21, with no exclusions.
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