[mels]

That's pretty much what us Hartford County residents have been saying all along: the desirable towns keep chugging along with low inventory and relatively strong demand. In Hartford County last month, single family homes were selling at 103% asking price with an average sales price of $372k ($322k median).

Source: https://www.williampitt.com/communit.../market-report

[SteveM85]

It's like Deja Vu all over again. Tsek posts the latest interest rate increases and price drops, then CTArtist posts data on increases for either one of Fairfield, Hartford or New Haven Counties, then Mels, JayCT, and Stylo come and tell us Glastonbury and Milford are still hot.

[JayCT]

Originally Posted by SteveM85

It's like Deja Vu all over again. Tsek posts the latest interest rate increases and price drops, then CTArtist posts data on increases for either one of Fairfield, Hartford or New Haven Counties, then Mels, JayCT, and Stylo come and tell us Glastonbury and Milford are still hot.

That’s true Steve. That’s what I’m going to do.

I do see that here in Glastonbury home prices are holding with most still selling over asking. The secondary towns like Hebron, Marlborough, Andover, Bolton, etc. are seeing price drops. It’s only a matter of time that this spread here.

The same thing is happening in the Farmington River Valley. A family member is having trouble selling their updated 70’s home in a secondary town (Canton, Burlington, Granby, etc.). It’s starting to creep into primary towns like Simsbury. Not seeing it yet in Avon or Farmington.

I’ve also been seeing price drops in Fairfield more and more. That was long overdue. JayCT

[mdovell]

The thing is with inflation it's the important things that generally go up. Healthcare, housing and education. We see a displacement of physical things leading to deflation in things like communication and entertainment. Who actually pays high phone bills and cable bills these days?

I think more land and redevelopment is on the horizon. A old school near me was sold to a non profit to make affordable housing in 2015..it was sold back to the town and it is being sold to another place. I think they'll demo and use the land for housing. Glastonbury and Wethersfield both have significant town owned farm land they could redevelop as well.

[Tiredofnyclife]

Basically the govt ignores all the important things from it's inflation stats like food, fuel, medicine, rent, etc. It's laughable.

[CT_Yank]

The whole housing market needs to be destroyed. Here is an example of lunacy. 40% increase in one year with nothing major done

https://www.zillow.com/homedetails/1...57292345_zpid/

[beerisgood02]

Originally Posted by CT_Yank

The whole housing market needs to be destroyed. Here is an example of lunacy. 40% increase in one year with nothing major done

https://www.zillow.com/homedetails/1...57292345_zpid/

That's one ugly home.

[JayCT]

Originally Posted by mdovell

The thing is with inflation it's the important things that generally go up. Healthcare, housing and education. We see a displacement of physical things leading to deflation in things like communication and entertainment. Who actually pays high phone bills and cable bills these days?

I think more land and redevelopment is on the horizon. A old school near me was sold to a non profit to make affordable housing in 2015..it was sold back to the town and it is being sold to another place. I think they'll demo and use the land for housing. Glastonbury and Wethersfield both have significant town owned farm land they could redevelop as well.

I can assure you, the farms that Glastonbury has bought development rights to will not be “redeveloped”. They have a line of farmers in town and region looking to use those lands. I know much of both Wethersfield’s and Glastonbury’s publicly owned farm land is along the Connecticut River in its flood zone. At least once a year the land floods making it undevelopable. Jay

[WouldLoveTo]

Originally Posted by mdovell

The thing is with inflation it's the important things that generally go up. Healthcare, housing and education. We see a displacement of physical things leading to deflation in things like communication and entertainment. Who actually pays high phone bills and cable bills these days?

I think more land and redevelopment is on the horizon. A old school near me was sold to a non profit to make affordable housing in 2015..it was sold back to the town and it is being sold to another place. I think they'll demo and use the land for housing. Glastonbury and Wethersfield both have significant town owned farm land they could redevelop as well.

Originally Posted by JayCT

I can assure you, the farms that Glastonbury has bought development rights to will not be “redeveloped”. They have a line of farmers in town and region looking to use those lands. I know much of both Wethersfield’s and Glastonbury’s publicly owned farm land is along the Connecticut River in its flood zone. At least once a year the land floods making it undevelopable. Jay

+1 Jay

And I know that Glastonbury has bought property specifically to save it from development.

[CTartist]

Originally Posted by beerisgood02

That's one ugly home.

If someone gave me that house for free with the condition I could not sell it and had to live in it, I would not take.