Top Mega Teams in Connecticut – Ranked by Volume

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2023 Connecticut Housing Market Summary

Connecticut started 2023 with a total of 2,719 single-family homes on the market, with a median home price of $498,600 and an average price per square foot of $325. By the end of the year, inventory had decreased to 2,432 homes on the market (-10%), with a median home price of $549,000 (+10%) and an average price per square foot of $331 (+1%).

At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 63 days.

Connecticut started the year with 28% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 27% of Connecticut homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Connecticut started 2023 as a strong seller’s market, with an MAI score of 49; by the end of the year, the MAI had dropped to 43 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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