#Movewithmurr CT Market Pulse, 12/05

Here are the stats in Litchfield, Fairfield and New Haven Counties. Just some numbers you can use if you are thinking about buying selling or keeping an eye on your equity.

Litchfield County

Litchfield continues to move at a steady pace with tight inventory and healthy demand. Homes are still selling but buyers are not sprinting. They act when the property fits their budget.

• Median sale price is sitting around $385k up almost 7% from last year

• Days on market are hovering in the mid 50s almost identical to last fall

• Inventory remains limited and new listings get attention quickly especially anything under the $500k mark

Hot take: If you are selling good pricing and a clean presentation can still pull strong interest. If you are buying be ready because the best homes do not last long even in the colder months.

Local Activity: Take a drive out to Kent Falls and soak up the last bit of late fall scenery. It is perfect CT lifestyle content and a great spot to clear your head.

Fairfield County

Fairfield County is still the heavyweight in Connecticut. Competition has not slowed down the way people assume. Buyers are active and sellers still have leverage.

• Median sale price is around $650k up almost 12% YoY

• Inventory is tight and properties continue to move fast especially anything turn key or near the coast

• New listings continue to hit the market but demand is absorbing most of that supply

Hot take: Fairfield is still a right property right moment type of market. If you find something that fits your lifestyle and your payment dont overthink it.

Local Activity: Visit Sherwood Island State Park in Westport for a walk or a sunset.

New Haven County

New Haven County is the most balanced of the three. It is stable steady and still seeing good movement.

• Median sale price is just under $390k slightly up from last year

• Days on market are in the 50 day range only a small increase from last fall

• Some towns are heating up faster like North Haven and East Haven especially in the $300k to $450k range

Hot take: This county is great for buyers who want value without fighting the Fairfield intensity. Sellers still win if they price smart and prepare well.

Local Activity: Catch a show at the Shubert Theatre in downtown New Haven or stop into one of the small food spots nearby. Great vibe and another easy piece of lifestyle content.

Mortgage Rate Snapshot

Mortgage rates are holding around 6.2% to 6.3% for a 30 year fixed. Not ideal not the worst but the market has adjusted. Buyers who are active right now are serious and they are not waiting around for the perfect number.

#MovewithMurr Final Take

The fall market in Connecticut is predictable once you understand the rhythm

Low inventory. Steady demand. Motivated buyers. Smart sellers.

If you want a simple breakdown of what buying or selling would look like for your personal situation with real numbers and zero fluff send me a note and I will touch base.