This episode of The Triniyah Podcast explores the shifting dynamics of the Connecticut single-family housing market as of February 2, 2026, highlighting a seasonal cooling in prices alongside significant local development approvals in West Hartford and Waterbury. It also contextualizes these local shifts within broader national trends, such as rising mortgage rates and record-high purchase agreement cancellations.
The Connecticut housing market is currently experiencing a seasonal shift, with pricing and activity cooling from the summer 2025 peak.
Pricing: The median sale price for January reached $440,000, a 7.3% increase year-over-year, though down from the June high of $500,000.
Sales Volume: Activity saw a 14% drop from the previous year, with only 1,477 single-family homes sold in January.
Speed & Competition: Homes are sitting for a median of 26 days, which is faster than last year but slower than the 13â15 days seen in the summer.
Inventory: Supply remains tight at 1.79 months, firmly keeping Connecticut in a sellers market.
Mid-Range vs. Luxury: The most competitive segment is the $200kâ$400k range (1.18 months of supply), while the luxury market over $3M offers more leverage for buyers with nearly 8 months of supply.
Price Reductions: Approximately 27% of active listings have seen price drops, with an average reduction of nearly 10%.
Migration: Most inbound buyers (83%) are moving within the state, but out-of-state interest is led by New York (44%) and Massachusetts (12%).
West Hartford: The Town Council approved Madsen Acres, a 54-unit affordable condominium project designed to help lower-income residents build equity.
Waterbury/Middlebury: A 74-unit residential or hotel project is proposed at the town line, contingent on a DOT realignment of I-84 Exit 17.
Rates: Current 30-year fixed mortgages averaged 6.16% as of late January.
National Trends: Mortgage applications dropped 8.5% due to rising rates, and US homebuyers are canceling purchase agreements at the highest rate ever recorded for December.