Hartford housing market sees quick sales, price cuts

"Active listings totaled 989 homes, up slightly from 979 a year ago. The market absorbed 179 properties during the week, down from 240 in the same period last year. New listings added 147 homes to the market. The 1.4 months of supply sits below Connecticut's state level of 1.6 months and well under the national figure of 2.9 months. Additionally, 10.3% of active listings were relisted properties that had previously been removed from the market."

"Hartford's median list price of $465,000 represents $259.4 per square foot. While 30.7% of sellers cut prices during the week, only 1.4% increased their asking prices. The metro's pricing sits below Connecticut's statewide median of $595,000 and above the national median of $435,000. Hartford's price per square foot of $259.4 compares to $298.8 statewide and $213.1 nationally. Hartford homes sell 49 days faster than the national median of 77 days. The metro's 28-day median matches its year-ago pace exactly."

"The metro's strong seller conditions persist despite the high rate of price cuts. With months of supply at 1.4 versus 2.9 nationally, Hartford remains a faster-moving market with tighter inventory constraints. Use the 28-day median selling time when advising clients on market expectations. Track the 30.7% price cut rate to guide pricing strategies. Leverage the 1.4 months supply figure to emphasize the continued seller advant"

Hartford metro posts a 28-day median time on market, unchanged year-over-year, while 30.7% of active listings reduced asking prices in the week ending Nov. 1, 2025. The median list price rose 9.4% year-over-year to $465,000, equal to $259.4 per square foot. Active listings numbered 989, with 147 new listings and 179 homes absorbed during the week, producing 1.4 months of supply. That supply is below Connecticut's 1.6 months and well under the national 2.9 months. Ten point three percent of active listings were relisted properties. Pricing sits below the state median but above the national median.

Read at www.housingwire.com