In this week’s Connecticut Real Estate Market Weekly Insights, the Triniyah Podcast unpacks April 2025 market data from SmartMLS, focusing exclusively on single-family homes across Connecticut. The episode starts with county-level comparisons of median sale prices, with Fairfield, Hartford, and New Haven counties leading the way in price growth. Listeners will learn the key difference between median and average pricing, and how Days on Market (DOM) reflects buyer demand. The episode also explores which cities are experiencing the fastest sales and the percentage of homes selling over asking.

Hosts provide a close-up on cities like Stamford, Norwalk, West Hartford, Waterbury, Meriden, and New Britain—explaining their price trajectories, affordability shifts, and investment appeal. They break down the months of supply metric, explaining its impact on both sellers and buyers, especially in low-inventory areas like Enfield and New Britain.

Listeners are then brought up to speed on interest rates and what they mean for buyers, sellers, and investors right now.

The episode shifts to local news, with coverage of two major development projects:

Tweed New Haven Airport expansion, detailing environmental concerns and how the project could affect nearby homeowners and property values.

Winchester factory redevelopment, which aims to revitalize the Newhallville and Dixwell areas with mixed-use spaces. The discussion balances projected benefits with the risks of gentrification.

National housing trends round out the episode, including the latest mortgage rate updates, economic news influencing Fed policy, and why mortgage applications surged in early May. The hosts explain how strong labor markets and cautious Fed decisions are keeping mortgage rates elevated, and what this means for homebuyers and refinancers in 2025.

The episode closes with a call to action for Connecticut homeowners and prospective buyers to connect with Triniyah Real Estate to discuss their next moves in this evolving market.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

In this week’s episode of Connecticut Real Estate Market Weekly Insights, we break down April 2025 housing data across Connecticut, including the latest on home sales, pricing trends, inventory, buyer demand, and price reductions. Median sale price increased 7.1% year-over-year to $455,000, while the median days on market dropped to just 15—signaling a sharp rise in buyer activity. Homes sold for an average of 2.1% over asking statewide, with even higher competition in certain mid- and upper-price brackets.

We discuss how spring is reviving bidding wars, particularly in the $400k–$799k range, and which price segments are experiencing the steepest price drops. Sellers in the $1.2M–$1.39M range saw the highest percentage above list price (4.1%), while homes under $200k and over $3M often sold below asking.

The episode also explores:

Seasonal patterns in buyer behavior and time on market

How long it takes for homes to go under contract after a price drop

Interest rate updates across loan types

Local real estate news including a $16M apartment conversion in downtown Hartford, Amazon’s major land buys in Enfield and Waterbury, and vacancy struggles at City Place I (Connecticut’s tallest skyscraper)

National housing data, including rising rental vacancies, homeownership disparities, and signs of decelerating home price appreciation

Whether you’re a buyer or seller, this episode helps you time your move in a fast-paced and competitive market.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

We start by diving into the state's condo market, where the average sale price reached $344,196 in March, marking a 1.7% year-over-year increase. We explain how the median days on market (15 days) reflects strong buyer demand, and we discuss why sellers still hold a slight advantage — although pricing correctly remains critical. We also break down the stark contrast between lower-priced and luxury condos, and how buyers and sellers can navigate these market dynamics.

Next, we highlight interest rate updates, with slight decreases across 30-year fixed, FHA, and VA mortgage rates.

In local development news, we discuss a proposed 148-unit housing project in Manchester by 3 Squared LLC. The project aims to provide flexible, affordable housing but faces concerns over traffic and density from local officials.

We also explore Connecticut's Build For CT program and the launch of a new quasi-public development agency, both designed to drive multifamily housing creation across the state — especially in downtown areas and near transit hubs. These programs are already funding thousands of new units with a focus on affordability for middle-income residents.

Shifting to housing policy, we cover House Bill 6889, which would implement “Just Cause Eviction” protections. While aimed at protecting tenants, critics warn it could reduce rental housing availability, increase homelessness, and discourage investment in Connecticut’s rental markets.

On the national level, we discuss:

The 20th consecutive month of year-over-year rent declines nationally, but warn of potential rent increases due to new steel tariffs.

States like Florida and North Dakota considering the elimination of property taxes — a controversial move that raises concerns over funding essential services.

The rise in seller concessions nationwide as more homeowners offer incentives to attract buyers amid higher mortgage rates and increased housing supply.

Connecticut’s poor showing in Realtor.com’s 2025 State Report Cards, earning an F for housing affordability and new home construction — driven by restrictive zoning and high home prices.

We close by reminding listeners that understanding these local and national trends is essential for making smart buying, selling, and investment decisions in Connecticut’s evolving real estate landscape.

If you're planning to buy or sell in the next 6-12 months, or want to understand how today’s trends impact your situation, call us at (203) 200-0933 or visit Triniyah.com.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

In this episode of The Triniyah Podcast, we take a deep dive into Zillow’s April 2025 national housing market forecast, which predicts a 1.9% decline in home values, a modest rise in existing home sales, and continued challenges with affordability. We explore the ripple effects of high mortgage rates, growing inventory, and shifting buyer behavior—and explain how these trends are shaping both the for-sale and rental markets. While the report gives insight into the national landscape, we emphasize why real estate is always local, and how Connecticut’s unique market conditions may lead to very different outcomes. Whether you’re thinking about buying, selling, or renting, this episode will help you make sense of what’s happening, what’s coming next, and how to move forward with confidence. For personalized guidance, we encourage listeners to call our office at (203) 200-0933

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

In this week’s episode of Connecticut Real Estate Market Weekly Insights, we dive deep into multifamily property trends in Hartford and New Haven counties. We break down average sale prices, days on market, price per square foot, and sale-to-list ratios for 2-, 3-, and 4-family homes, offering practical insights for both investors and owner-occupants.

We also explore a proposed 10-lot residential subdivision on Bee Street in Meriden that could bring much-needed inventory and affordability to the area. From there, we shift to a broader statewide issue—Governor Ned Lamont’s push to ease zoning restrictions and accelerate housing development, as Connecticut struggles to meet growing demand.

We then spotlight serious concerns in a New Haven apartment building, where tenants have been living in hazardous conditions, highlighting broader issues around housing quality and landlord accountability in the state.

Nationally, we cover Realtor.com’s 2025 Seller Survey, revealing growing optimism among homeowners considering selling, as well as the NAHB’s report on declining builder confidence and Redfin’s data showing that the rent vs. buy gap has reached a two-decade high—making renting more financially appealing for many Americans.

Whether you’re a buyer, seller, or investor in Connecticut, this episode is packed with the insights you need to navigate the current housing market. If you're planning to sell in the next 6–12 months or just want to understand how these trends impact your next move, give us a call at (203) 200-0933 or visit Triniyah.com.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

In this episode of The Triniyah Podcast, we explore the significant 14.2% drop in U.S. single-family housing starts and what this decline signals for the broader real estate market. We explain the economic forces behind the slowdown, including the role of rising import tariffs that have added nearly $11,000 to the cost of building a new home. You'll learn how these added costs are shaping builder decisions, tightening housing supply, and creating new challenges—and opportunities—for homebuyers, sellers, and real estate investors. We also discuss how current trends compare to past market shifts, what to watch for in the coming months, and how to navigate today’s real estate climate with clarity and strategy. Whether you’re planning a move, eyeing your next investment, or just trying to make sense of the headlines, this episode delivers the insight you need to move forward with confidence.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

The 2025 housing market is heating up, and sellers are feeling confident. In this episode, we take a deep dive into the latest Realtor.com Sellers Survey to understand why 81% of homeowners believe they’ll get their asking price—or more—and what that means for the Connecticut market. We explore the top reasons people are selling, from lifestyle changes to financial pressure, and discuss how many are preparing their homes through renovations, inspections, and agent consultations. We also cover the "mortgage rate lock-in effect," which is preventing some sellers from making a move, and highlight how Baby Boomers are dominating both the selling and buying sides of the market. Plus, we look at how low inventory in parts of Connecticut gives sellers a strategic advantage—and where the opportunities lie for those ready to act. If you're a homeowner, seller, or real estate watcher, this episode will help you understand how to navigate today’s conditions—and when to make your move.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

In this week’s episode of The Triniyah Podcast, we break down the most important updates shaping the Connecticut real estate market as of April 14, 2025:

🏡 Local Market Update

New Haven & Hartford Counties saw modest year-over-year price growth with continued strong competition.

New Haven County average sale price: $473,705 (+1.8%)

Hartford County average sale price: $415,361 (+0.5%)

Median Days on Market: Homes in Hartford sold faster (12 days), while New Haven averaged 21 days.

Top-selling counties in March:

Hartford (540 sales), Fairfield (531), and New Haven (507)

Bidding Wars: Hartford homes averaged 4.2% over asking, indicating hot competition.

Inventory: Supply remains tight across all counties, keeping the market firmly in seller territory.

🏙️ City-by-City Highlights

Stamford, Waterbury, and Hamden led in single-family sales activity.

Even homes with price reductions sold quickly when well-positioned.

💸 Mortgage Rates

30-year fixed: 7.07%

15-year fixed: 6.48%

FHA: 6.50%

VA: 6.52%

All rates slightly increased over the previous week.

🧾 Legislation & Policy

A proposed CT bill seeks to end temporary bans on multi-family housing, aiming to prevent municipalities from stalling development.

The state’s “Fair Share” Housing Report calls for 120,000 new housing units and offers three distribution models across all 169 towns.

Initiatives include zoning reforms, affordable housing targets, and incentives to increase rental availability.

🏢 Local Spotlight

Downtown Waterbury’s historic Odd Fellows building will be renamed after former Mayor Neil O’Leary following its successful $15M redevelopment.

🌐 National Market Trends

NAR Generational Trends Report:

Boomers dominate as sellers; Millennials lead in buying.

Gen Z and Millennials face affordability challenges but remain active.

Gen Xers prioritize multigenerational homes and higher price points.

Buyer Behavior: 88% of all buyers used real estate agents, valuing guidance on process and paperwork.

😬 First-Time Buyer Regrets

A Guardian Service survey found:

31% of first-time buyers experienced regret.

66% faced unexpected home issues post-purchase.

38% felt pressured to rush decisions.

📉 Stock Market & Economic Volatility

According to Redfin and CNBC:

1 in 5 buyers plan to sell stock to fund down payments.

Market fluctuations and new tariffs are impacting affordability and buyer confidence.

Trade tensions with China could lead to higher mortgage rates if China dumps U.S. Treasuries.

📞 Final Thoughts & Call to Action

If you're planning to buy or sell in the next 6 to 12 months, the Triniyah Real Estate team is ready to guide you with expertise and care. Call us at (203) 200-0933 or visit Triniyah.com.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

In this episode of Connecticut Real Estate Market Weekly Insights, we break down the latest data and trends shaping the local and national housing markets. March 2025 saw the average single-family home price in Connecticut climb to over $604,000, up 11% from last year, while the number of homes sold dropped by 5.8%, reflecting tight inventory and affordability challenges. Homes continue to sell quickly, with a median of just 20 days on the market, and competition remains strong, especially in the luxury segment.

Spring and early summer are historically competitive in Connecticut, with June being the peak for bidding wars. Buyers waiting too long could pay thousands more, while homes under $200K are often selling below list price—revealing the differing pressures at both ends of the market. Sellers should note that price reductions typically come after a home sits unsold for weeks, emphasizing the importance of pricing strategically from the start.

The episode also explores interest rate trends, with 30-year fixed rates averaging 6.6%—a slight dip from the previous week. Locally, West Hartford’s new affordable housing development, The Camelot, is repurposing an old inn and restaurant to bring 44 units to residents earning as little as 30% of the area median income. The project is already 77% leased and supports statewide goals for affordable housing.

Legislatively, we examine a proposed bill targeting squatters, which would allow property owners to remove unauthorized occupants without a traditional eviction—raising red flags for tenant rights advocates.

On the national stage, the episode reviews projections for mortgage rates in 2025 (5.75%–7.25%), the rise in pending home sales in the South, and generational shifts in buying power, with baby boomers now the largest group of homebuyers. We also address misinformation about rising mortgage delinquencies—clarifying that issues are concentrated in FHA/VA loans and multifamily properties, not single-family homeowners.

The podcast closes by encouraging listeners considering buying or selling to reach out to Triniyah Real Estate for guidance, reminding them to subscribe for weekly updates.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

In this week’s episode of Connecticut Real Estate Market Weekly Insights, we break down the latest Connecticut housing data and explore the broader economic factors shaping the market. February saw 1,924 single-family homes and condos sold, with 422 of them undergoing price drops—averaging 7%—and a growing number of active listings seeing 10% reductions. This indicates that some sellers may be overpricing and adjusting downward after properties sit on the market. Once priced correctly, homes are going under contract significantly faster.

Buyers are still paying slightly over asking on average—1.3% above list price year-to-date—showing a split market where well-priced homes receive strong offers while overpriced ones stall. Interest rates also rose slightly last week, with 30-year fixed mortgages at 6.76%.

On the economic front, Connecticut’s unemployment rose modestly from 3.3% to 3.4%, with 1,200 jobs lost in February. However, with nearly 80,000 job openings, the labor market remains healthy. Employment stability remains crucial to supporting the real estate market.

The podcast also covers a bill in the Connecticut legislature that could give landlords the power to remove squatters without a formal eviction. While landlords support the bill, tenant advocates warn it could infringe on tenant rights. The measure has passed the Housing Committee and moves to the House of Representatives.

In Stamford, the multifamily housing sector has grown an impressive 56% over the past decade, outpacing cities like New York and Boston. With occupancy at 95% and average rents at $2,696, the market remains strong. Developers are even repurposing office buildings into housing to meet ongoing demand.

On the national level, existing home sales increased 4.2% in February, inventory is growing, and median home prices rose to $398,400. However, consumer confidence is declining, hitting its lowest level since 2021, which could signal caution ahead. Meanwhile, Gen Z and millennial homeownership rates have stalled due to affordability challenges, despite strong gains in older demographics.

To stay informed and see how these trends affect your real estate goals in Connecticut, visit triniyah.com/blog and tune in weekly for updates.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!