Connecticut saw three record-breaking months in a row for pending sales in June, July, and August. In September, the number of pending sales leveled off, but market activity remains high.
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 Stats: September 2020
Single-Family Homes
| 2019 | 2020 | +/- | |
| Active Listings | 16,789 | 11,817 | -29.61% |
| Number of Sales | 3,011 | 4,483 | 48.89% |
| Average Days to Sell | 71 | 60 | -15.49% |
| Average Sale Price | $362,579 | $498,904 | 37.6% |
Condominiums
| 2019 | 2020 | +/- | |
| Active Listings | 3,321 | 2,818 | -15.15% |
| Number of Sales | 737 | 1,047 | 42.06% |
| Average Days to Sell | 74 | 63 | -14.86% |
| Average Sale Price | $211,039 | $240,352 | 13.89% |
The number of active listings remains low across Connecticut, as it has since the start of 2020. There was a 29.6% decrease in the number of single-family homes listed for sale, compared to September 2019. The number of sales increased by 48.9%, with over 4,400 homes selling in September. The average days to sell dropped by over 15%, and the average sale price increased by more than 37%.
Like single-family homes, condominiums follow the trend we’ve seen for the past few months. There was a 15% decrease in the number of listings, but a 42% increase in the number of sales. The average days to sell also decreased, by 14.9%, while the average sale price increased by almost 14%.
New Haven County Market Stats: September 2020
Single-Family Homes
| 2019 | 2020 | +/- | |
| Active Listings | 3,018 | 2,415 | -19.98% |
| Number of Sales | 640 | 911 | 42.34% |
| Average Days to Sell | 65 | 52 | -20% |
| Average Sale Price | $272,021 | $325,317 | 19.59% |
Condominiums
| 2019 | 2020 | +/- | |
| Active Listings | 807 | 628 | -22.18% |
| Number of Sales | 187 | 276 | 47.59% |
| Average Days to Sell | 78 | 64 | -17.95% |
| Average Sale Price | $172,592 | $199,495 | 15.59% |
In New Haven County, the number of single-family listings in September 2020 decreased by almost 20%. This did not stop buyers, however, as there was a 42.3% increase in single-family sales. Houses are selling more quickly than last year, with an average of 52 days on the market. The average sale price increased by 19.6%
As far as condos in New Haven County, there was a 22.2% decrease in the number of active listings, with the number of sales increasing by 47.6%. The average days to sell decreased to 64 days on the market, and the average sale price increase by 15.6% compared to September 2019.
Middlesex County Market Stats: September 2020
Single-Family Homes
| 2019 | 2020 | +/- | |
| Active Listings | 1,101 | 816 | -25.89% |
| Number of Sales | 175 | 262 | 49.71% |
| Average Days to Sell | 66 | 57 | -13.64% |
| Average Sale Price | $300,991 | $378,238 | 25.66% |
Condominiums
| 2019 | 2020 | +/- | |
| Active Listings | 133 | 117 | -12.03% |
| Number of Sales | 34 | 38 | 11.76% |
| Average Days to Sell | 85 | 47 | -44.71% |
| Average Sale Price | $175,704 | $206,547 | 17.55% |
In Middlesex County, the number of single-family homes listed for sale in September decreased by 25.9% compared to last year. The number of sales increase by 49.7% – the largest increase in the three counties we are focusing on. The average days to sell decreased to 57 days, while the average sale price increased by 25.7%
Condos in Middlesex County has a 12% decrease in the number of listings, and an 11.8% increase in the number of sales. The average days to sell saw a significant decrease compared to last year, down to 47 days in September 2020. The average sale price increased by 17.6%
New London County Market Stats: September 2020
Single-Family Homes
| 2019 | 2020 | +/- | |
| Active Listings | 1,461 | 863 | -40.93% |
| Number of Sales | 279 | 359 | 28.67% |
| Average Days to Sell | 73 | 58 | -20.55% |
| Average Sale Price | $275,814 | $377,853 | 37% |
Condominiums
| 2019 | 2020 | +/- | |
| Active Listings | 187 | 168 | -10.16% |
| Number of Sales | 47 | 57 | 21.27% |
| Average Days to Sell | 51 | 77 | 50.98% |
| Average Sale Price | $187,287 | $192,875 | 2.98% |
In New London County, we saw the largest decrease in the number of single-family homes listed for sale in these three counties, with a drop in inventory of 40.9%. The number of sales still increased, however, by 28.7%. The average days to sell decreased to 58 days, and the average sale price increased by 37%.
The number of condo units listed for sale decreased by 10.2% in September 2020, with a 21.3% increase in the number of sales. The average days to sell increased to 77 days. The average sale price increased just slightly by 2.98%.
**All statistics pulled from SmartMLS on 10/6/20, with no exclusions.
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