Providing a comprehensive picture of the Connecticut (or, Westchester County) residential real estate market, our Quarterly Market Watch Reports offer an extremely valuable resource for consumers, real estate professionals, financial institutions, the media and other professionals associated with the market.
Each report includes in-depth analysis of home sales activity and prices, outlining current conditions, historical trends and emerging directions that point to where the market is headed.
The pace of the housing recovery picked up speed in 2013, and by year’s end activity spread to encompass previously quiet segments of the market including the luxury, new construction and even raw land segments. Condominiums and co-ops experienced particularly strong volume growth, breaking the trend of previous years and satisfying pent-up demand. Since every market is different, read the 2013 Year-End Market Watch to learn more about your community.
Driven by improved consumer confidence, the third quarter market results are the highest we have seen post-recession in most of our housing markets. With activity at a five-year high, a quick snapshot of the market reveals that inventory levels and days on market are still declining, that prices are level while the median selling price is rising, and that the luxury market is starting to come back. Since all real estate is local, please read the Third Quarter 2013 Connecticut and the Berkshires Market Watch for a detailed analysis of your community.
The second quarter market results are in, and they are the best we have seen in five years. The seeds of the recovery started in the third quarter of 2012 and have continued to strengthen in the intervening months. All indicators point to a sustainable housing recovery and continued improvement. Since every market is different, please read the Second Quarter 2013 Connecticut and the Berkshires Market Watch for a detailed analysis of your community.