[Cambium]

Glad this came up! I was wondering myself. I spoke to a realtor who sends me monthly newsletters of stats and he said he's been selling properties with "multiple" offers lately..


A girl I know got an offer on her home within 5 days in Norwalk. Priced near comparables.


Graph shows less inventory yr over yr which I thought meant people are just not listing as much and rather holding but it meant people are selling and there's less inventory of availables..


A family member was looking for a condo and came across a thin market for them. The ones she liked actually had an accepted offer.


So I believe we are in or at least turning the corner into a sellers market.


Good news for the CT Market. Interest rates are low, economy doing great.

[Stylo]

Interest rates are creeping up. Up at least .5% from a year ago

[Lalalally]

Originally Posted by jdhall1

There's limited inventory in the Greater Danbury-New Fairfield area. Any decent single family homes under $400,000 generally should deposit in under 30 days in priced well for condition. Newtown and New Milford are a little slower but still fairly active in that price range. New Fairfield and Brookfield has lower inventory for 'move up' caliber homes too, generally $425,000 to $525,000 which is keeping some buyers from listing their starter homes if they don't have a place to go.
'

A realtor friend of mine in NF pretty much confirms this — for the price range of a young typical first time home buyer in Danbury-area markets (excluding Ridgefield of course) things are moving fast - within a month, and sometimes within even days for the real entry-level price point. Middle market (which sadly I am in, not so much so yet). But she says it’s trickle-up and that mid point is the last segment to recover in this neck of the woods. I would imagine when I start seeing the high-end homes in town start trending upwards too, then the middle market ($400-$550) should start moving as well. I hope...

[Stepfordct]

The surge started after the national election. Whats good for Wall st is good for Ct. Rising interest rates are motivating all those on the fence to buy.
Nothing to do with Malloy, except possibly the hope that things will improve after he leaves. He helped keep values low for too long.

[Cambium]

Originally Posted by Stylo

Interest rates are creeping up. Up at least .5% from a year ago

Should keep going up from here on out (maybe slowly?)..but still...very low. Its helping drive the market better.

Imagine living in the 70s and early 80s? Makes you appreciate those who bought and stayed in the same home.. Imagine having an interest rate over 10%?

Source:

[hvexpatinct]

These are good insights to have on the "stepping up" of housing inventory - we'd love to sell and upgrade too, but have been really unimpressed by the housing in the 450-600K range in western NH/northern Fairfield - it sounds like it's a function of the market and that maybe we'll see some improvement soon.

[Lalalally]

Originally Posted by hvexpatinct

These are good insights to have on the "stepping up" of housing inventory - we'd love to sell and upgrade too, but have been really unimpressed by the housing in the 450-600K range in western NH/northern Fairfield - it sounds like it's a function of the market and that maybe we'll see some improvement soon.

Let’s hope! It honestly would benefit us all. Seriously starting to think of our down sizing years, and would really love to sell without taking the big hit I know we would now ..I realize it’s all cyclical, but this has been a damn long down cycle, at least up in our neck of the woods!

[MrGompers]

I just got off the phone with Capt Obvious. He said the uptick is due to spring fever and the ending of the school year.

[Stylo]

Originally Posted by MrGompers

I just got off the phone with Capt Obvious. He said the uptick is due to spring fever and the ending of the school year.

Really? Give the posters here more credit. We are all aware that the housing market spikes in the Spring. It just hadn’t been like this Spring in years.

[kidyankee764]

Originally Posted by MrGompers

I just got off the phone with Capt Obvious. He said the uptick is due to spring fever and the ending of the school year.

Kind of like the increased traffic on 95 that a certain poster said was a delusion, yeah?

As usual, you have no idea what you’re talking about.