Connecticut Buyers Take Note: Sellers Now Outnumber Buyers by Record Levels

June 11, 2025 | Market Trends, Connecticut Real Estate | Presented by ReadySetLoan

Connecticut home shoppers might finally be catching a break. National data shows that the U.S. housing market has swung sharply toward buyers, with nearly 34% more sellers than buyers nationwide. While many headlines are focused on markets like Miami or Austin, the same shift is quietly happening here in Connecticut.

According to Redfin's latest report, this is the widest buyer-seller gap since tracking began in 2013. With sellers now significantly outnumbering buyers, pricing power is starting to shift. Redfin forecasts home prices nationally may drop around 1% by year-end 2025.

Why Is This Happening?

ReadySetLoan breaks it down for Connecticut homeowners and buyers:

• 🔺 Mortgage Rates Remain Elevated: In April 2025, the average 30-year fixed mortgage rate hovered around 6.73%. While this is below 2022 peaks, it's still scaring off many buyers.

• 💸 Affordability Pressures: Despite slowing appreciation, Connecticut's home prices remain historically high. This combination of price and rate keeps many buyers on the sidelines.

• 🤝 Lock-in Effect Easing: More homeowners who previously enjoyed ultra-low pandemic rates are now entering the market, prompted by life changes like job moves, family needs, or divorce.

• 🌐 Economic Uncertainty: Layoffs, federal policy debates, and even global tariff concerns have made some buyers hesitant to pull the trigger.

What Does This Mean for Connecticut Sellers?

The message is clear: time is not on your side.

Inventory levels are rising across many parts of Connecticut. In April, over 44% of U.S. listings had been sitting for 60 days or longer — the highest level for any April since 2020. Sellers still pricing their homes based on peak 2021 comps are seeing stale listings and fewer showings.

If you're thinking of selling in Connecticut:

• Price your home competitively upfront.

• Make needed repairs to stand out.

• Consider acting sooner before price adjustments deepen.

  
  

"Many sellers remain overly optimistic," says Redfin Senior Economist Asad Khan. "But reality is setting in as listings sit and buyer traffic slows."

What About Connecticut Buyers?

While high rates still challenge affordability, buyers who stay active may find new negotiating room. As prices soften, Connecticut home shoppers could secure concessions, price reductions, or seller-paid closing costs.

For those still actively house hunting:

• Stay pre-approved and ready to act.

• Negotiate aggressively on stale listings.

• Watch for seasonal price dips this summer and fall.

  
  

Neil's Take 🎤

"We're absolutely starting to see buyers in Connecticut regain leverage," says Neil Caron, Area Sales Manager at CMG Mortgage. "While prices may not crash, they are flattening. Serious buyers now have room to negotiate and avoid bidding wars that were rampant just 18 months ago. It's a healthy rebalancing."

RSL Perspective:

At ReadySetLoan, we're seeing a steady stream of Connecticut buyers cautiously re-entering the market. The combination of rising inventory, softening prices, and more motivated sellers creates opportunities not seen since pre-pandemic markets.

The bottom line? This could be the most favorable window for Connecticut homebuyers in several years.

Your Next Step:

The housing market shift can feel overwhelming. That's where ReadySetLoan comes in. As your trusted Connecticut resource, we're here to help you:

• Understand your local market

• Explore down payment assistance programs

• Connect with trusted mortgage experts like Neil Caron at CMG Mortgage

  
  

Visit www.readysetloan.com today and take advantage of this market shift before conditions change again.

www.ReadySetLoan.com