If you’re planning to move soon, you’re probably wondering:

• Will there be more homes to choose from?
• Where are prices and mortgage rates headed?
• How competitive will the market be?

Here’s what top real estate experts are saying about this spring’s housing market in Connecticut and how you can prepare.

What Experts Predict for This Spring

📈 Odeta Kushi, Deputy Chief Economist, First American:

“. . . it seems our general expectation for the spring is that we will see a pickup in inventory. In fact, that already seems to be happening. But it won’t necessarily be enough to satiate demand.”

🏡 Lisa Sturtevant, Chief Economist, Bright MLS:

“There is still strong demand, as the large millennial population remains in the prime first-time homebuying range.”

💰 Danielle Hale, Chief Economist, Realtor.com:

“Where we are right now is the best of both worlds. Price increases are slowing, which is good for buyers, and prices are still relatively high, which is good for sellers.”

🔍 Skylar Olsen, Chief Economist, Zillow:

“There are slightly more homes for sale than this time last year, and there is still plenty of competition for well-priced houses. Buyers should prep their credit scores and sellers should prep their properties now. Attractive listings are going pending in less than a month, and time on market will shrink in the weeks ahead.”

🏠 Jiayi Xu, Economist, Realtor.com:

“While mortgage rates remain elevated, home shoppers who are looking to buy this spring could find more affordable homes on the market than they saw at the same time last year.”

What This Means for Connecticut Buyers and Sellers

📌 If you’re looking to sell
Spring could be your best opportunity to sell, as demand remains strong. Inventory is rising, but it’s still far below pre-pandemic levels, meaning buyers are competing for well-priced homes.

⏳ Homes are still selling quickly – especially in high-demand areas like Fairfield County, New Haven, and Hartford (Redfin).

📌 If you’re looking to buy
More homes for sale means more options, but don’t expect an easy market. Competition is still fierce, and homes in affordable price ranges are selling fast.

💡 Pro Tip: Buyers should get pre-approved now and work with a local real estate agent to stay ahead of the competition (Bankrate).

Bottom Line

No matter your plans, the Connecticut real estate market is moving fast this spring. The best way to navigate it successfully? Work with an experienced local agent who understands the latest market trends.

📍 Thinking of buying or selling? Let’s connect and create a winning strategy for your real estate goals