New Haven, CT

The elevated pending ratio and strong demand absorption currently place significant inventory pressure on the market, driving a rapid pace of transactions. While price reductions are observed, the high volume of pending listings suggests that properties that are priced appropriately move quickly. Buyers face an environment requiring decisive action to secure properties, while sellers who price strategically are likely to see their listings absorbed efficiently.

Average listing prices have declined by 9.1% over the past year, a more pronounced reduction than the 6.5% seen in median listing prices. This divergence, coupled with a slight annual decrease in median $/sqft, suggests a degree of softening at the higher price tiers within the market. No distinct luxury-segment signal in this dataset.

802 active listings represent the current floor, with new supply arriving at roughly 504 per month.

of active listings carry a price reduction, +1.5% from prior period.

Median price per square foot has moved -0.9% year-over-year.

Pending-to-active ratio — Very Competitive.