Low Inventory High Demand Is Now the Best Time to Sell in Connecticut
- Cameron Norfleet
- Mar 11
- 3 min read
If you’ve been thinking about selling your home, now might be the perfect time. Housing inventory is extremely low in many Connecticut towns, creating strong demand for available homes. Let’s break down what’s happening in the market and what it means for buyers and sellers.
What Does ‘Months of Supply’ Mean?
Months of supply refers to how long it would take for all the current listings to sell if no new homes came on the market. A balanced market typically has about 5 to 6 months of supply—anything less favors sellers because demand exceeds supply. Right now, many towns in Connecticut have less than 1 month of supply, meaning homes are selling fast, and buyers are competing for limited options.
Market Breakdown: East Hartford, Southington, and Newington
Some areas are facing critically low inventory, making it an excellent time to list a home. Here’s a snapshot of what’s happening:
East Hartford:
.52 months of supply (extremely low!)
15 single-family homes currently listed
29 homes sold in February 2025
Southington:
.54 months of supply
13 homes currently listed
24 homes sold last month
Newington:
.56 months of supply
Only 5 homes currently listed
9 homes sold last month
👉 We urgently need more homes to list in these areas! If you're considering selling, call our office at (203) 200-0933 to discuss how you can take advantage of this hot market.
Most Active Zip Codes: February 2024 vs. February 2025
Looking at year-over-year comparisons, one zip code stood out the most in terms of sales growth:
06010 – Bristol, CT
32 homes sold in February 2025 (📈 up 39.1% from last year!)
Median sale price: $320,000 (up by $47,000)
$220 per square foot
18 days on market (🏡 This means homes in this area are selling quickly!)
Homes selling at 2.5% over asking price (Sellers are getting more than their list price!)
06770 – Naugatuck, CT
26 homes sold
Median sale price: $360,000
$217 per square foot
06118 – East Hartford, CT
19 homes sold
16 days on market
Homes selling at 6% over asking price!
🔥 That’s HUGE for sellers! If you list your home in this area, you could get significantly more than your asking price.
What’s Happening in New Haven?
New Haven’s market is also experiencing low inventory:
1.9 months of supply for single-family homes
Breaking it down by price range:
$200k-$399k: 2.08 months of supply
$400k-$599k: 1.4 months of supply
📢 What This Means for Buyers & Sellers:
Sellers: If you’re in these price ranges, your home is in high demand and may sell quickly.
Buyers: Expect competition—especially in the lower price ranges. Be prepared to act fast and submit strong offers.
How Price Drops Affect the Market
In the last 90 days, listings that dropped their price went pending in a median of 19 days (📉 This means when sellers adjusted their price, buyers acted quickly).
In February, the median time from a price drop to going under contract was just 9 days (⏳ If a home price was reduced, it typically got an offer within about a week).
Median of 5 new pending sales with a price drop (🧐 This means that in many cases, homes that lowered their price went under contract almost immediately).
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