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Will the housing market go down in Connecticut? No, the housing market in Connecticut will not go down. Home prices rose 9.9% year over year, reaching a median of $415,300 in January 2025. While some Connecticut homes saw price drops, overall demand and low inventory keep prices high.
Is Connecticut a joint property state?
Your real estate agent will be able to help you to determine the services offered and their importance to you when purchasing real estate. The average property tax rate in CT for 2024 is $28.93, with the highest being Hartford at $68.95 and the lowest being Salisbury at $11.
Are house prices dropping in CT?
The Public Use and Benefit Land Registry (Land Registry) pilot portal allows users to browse state lands, determine property ownership, and research, view, and download copies of parcel information, including deeds, surveys, and land management plans.
Is it a good time to buy a house in CT?
For years, the Connecticut market has been constrained by low inventory, causing bidding wars and driving prices up. More homes for sale in 2025 will give buyers more options and reduce competition, which could mean less stressful negotiations and the potential to find a better deal.
Are Connecticut property records public?
We often hear clients ask, Is CT a community property state? No, Connecticut is not a community property state. Instead, Connecticut is an equitable distribution state and considers all property owned by the spouses as property to be divided fairly.
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People also ask
What is the trend in the price of houses in CT?
The residential property market in Connecticut is experiencing significant shifts. As of 2025, the average home value has surged to approximately $410,357. This represents a remarkable growth of 8.6% compared to the previous year. The increase in home prices is influenced by high demand and low inventory.
Should I buy a house now or wait for a recession?
House prices frequently go down in a recession. So it can be an excellent time to buy, as long as interest rates dont creep up too high. When prices go back up youll have more equity in your home quicker. At least on paper. And that makes refinancing at a lower interest rate easier later.
Related links
New Rules Govern Residential Property Sales Beginning in
Jul 29, 2024 UConn professor explains what Connecticut buyers, sellers need to know.
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