FULL YEAR 2024 MARKET REPORT
EXECUTIVE SUMMARY
As we close out 2024, we are inspired by the overwhelming demand from buyers eager to settle into the vibrant markets we serve north of New York City. This year has been marked by significant market dynamics that underscore the appeal and resilience of our region's real estate.
Inventory levels across many of our markets continue to contribute to a competitive landscape for buyers, driving median prices upward while these conditions have posed challenges for buyers, sellers have undeniably benefited from heightened demand and rising home values. Throughout 2024, the supply-to-demand ratio remained exceptionally high across many price points.
The outlook for 2025 remains positive, with home sales and prices expected to grow at a more sustainable pace. Moderating mortgage rates may help create a more normalized market environment, potentially easing conditions for buyers while maintaining opportunities for sellers.
As we reflect on the year, we extend our deepest gratitude to our clients and friends for your unwavering support and trust throughout 2024. It has been our privilege to serve your real estate needs, and we look forward to continuing to assist you in the year ahead. Wishing you and your families a happy, healthy, and prosperous 2025.
With Warm Regards,
Liz Nunan President and CEO
PUT THE POWER OF NUMBER ONE TO WORK FOR YOU. PROUDLY CLOSED
$6.8 BILLION IN SALES AND REPRESENTED 5,500+ BUYERS AND SELLERS IN 2024
TABLE OF CONTENTS
FOURTH QUARTER 2024
NEW HAVEN COUNTY
Single Family Home Overview
ANSONIA BEACON FALLS BETHANY BRANFORD
CHESHIRE DERBY EAST HAVEN GUILFORD
HAMDEN MADISON MERIDEN MIDDLEBURY MILFORD NAUGATUCK NEW HAVEN NORTH BRANFORD
TABLE OF CONTENTS
FOURTH QUARTER 2024
MIDDLESEX COUNTY
Single Family Homes Overview
CHESTER
CLINTON CROMWELL
DEEP RIVER DURHAM EAST HADDAM
EAST HAMPTON ESSEX HADDAM
KILLINGWORTH MIDDLEFIELD MIDDLETOWN
OLD SAYBROOK PORTLAND WESTBROOK
BRANFORD
FOURTH QUARTER 2024
QUARTERLY MARKET OVERVIEW
Source : Smart MLS, Single Family For Sale
MILFORD
FOURTH QUARTER 2024
QUARTERLY MARKET OVERVIEW
Source : Smart MLS, Single Family For Sale
NEW HAVEN
FOURTH QUARTER 2024
QUARTERLY MARKET OVERVIEW
Source : Smart MLS, Single Family For Sale
WOODBRIDGE
FOURTH QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
ANSONIA
QUARTERLY MARKET OVERVIEW
BEACON FALLS
QUARTERLY
BETHANY
QUARTERLY MARKET OVERVIEW
CHESHIRE
QUARTERLY MARKET
DERBY
QUARTERLY MARKET OVERVIEW
EAST HAVEN
GUILFORD
QUARTERLY MARKET OVERVIEW
HAMDEN
QUARTERLY MARKET
PENDING LISTINGS
MADISON
QUARTERLY MARKET OVERVIEW
MERIDEN
QUARTERLY
MIDDLEBURY
QUARTERLY MARKET OVERVIEW
NAUGATUCK
QUARTERLY MARKET
NORTH BRANFORD
QUARTERLY MARKET OVERVIEW
NORTH HAVEN
QUARTERLY
QUARTERLY MARKET OVERVIEW
OXFORD
QUARTERLY MARKET
PENDING LISTINGS
PROSPECT
QUARTERLY MARKET OVERVIEW
SEYMOUR
QUARTERLY
SOUTHBURY
QUARTERLY MARKET OVERVIEW
WALLINGFORD
QUARTERLY
WATERBURY
QUARTERLY MARKET OVERVIEW
WEST HAVEN
WOLCOTT
QUARTERLY MARKET OVERVIEW
OLD SAYBROOK
FOURTH QUARTER 2024
QUARTERLY MARKET OVERVIEW
CHESTER
QUARTERLY MARKET OVERVIEW
CLINTON
QUARTERLY
PENDING LISTINGS
CROMWELL
QUARTERLY MARKET OVERVIEW
DEEP RIVER
DURHAM
QUARTERLY MARKET OVERVIEW
EAST HADDAM
QUARTERLY
EAST HAMPTON
QUARTERLY MARKET OVERVIEW
ESSEX
ACTIVE LISTINGS
HADDAM
QUARTERLY MARKET OVERVIEW
KILLINGWORTH
QUARTERLY
ACTIVE LISTINGS
PENDING LISTINGS
MIDDLEFIELD
QUARTERLY MARKET OVERVIEW
MIDDLETOWN
PORTLAND
QUARTERLY MARKET OVERVIEW
WESTBROOK
