Market Intelligence Report — CT-980

Norwich-New London-Willimantic, CT

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-CT-08
As of the latest 2026 data
Very Competitive

Median Listing

$464K
-1.3% YoY

Pending Ratio

1.10
-2.0% YoY

Active Inventory

407
+0.0% YoY

Median DOM

37 Days
-5.1% YoY

Primary Intelligence Tool — Sold Score™

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The Norwich-New London-Willimantic, CT metro area exhibits a Very Competitive market condition, characterized by a pending ratio of 1.10. This indicates that demand significantly outpaces the available supply of active listings, exerting upward pressure on market velocity.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Norwich-New London-Willimantic market right now.

Active listings have remained stable year-over-year at 407 units, while new listings saw a notable increase of 12.3% year-over-year, reaching 328 units. Despite this inflow, the pending ratio of 1.10 demonstrates robust demand absorption. The median listing price has experienced a slight year-over-year decline of 1.3%, settling at $464,000, even as median days on market decreased by 5.1% year-over-year to 37 days.

Historical Analysis

Market Trends

Median Price

$464K-1.0% MoM

Active Inventory

407+0.0% YoY

Days on Market

37-5.1% YoY

Sold Score™

91-2.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

91
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The high pending ratio suggests that properties are being absorbed quickly, indicating a market where inventory moves at a rapid pace. Prospective purchasers may encounter limited options and increased competition, necessitating prompt engagement. This environment places pressure on price discipline, with less room for protracted negotiations.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

407 active listings represent the current floor, with new supply arriving at roughly 328 per month.

Pricing Pressure
8.6%

of active listings carry a price reduction, -1.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +1.3% year-over-year.

Absorption
1.10

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Norwich-New London-Willimantic, CT? Buyer Demand Index is running at 110%.

Demand in Norwich-New London-Willimantic, CT is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
110%
Median Days on Market
37 days
Inventory YoY
−0%

Demand is strong in Norwich-New London-Willimantic, CT. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Norwich-New London-Willimantic, CT
CBSA Code
35980
State
CT

ZIPs in Norwich-New London-Willimantic, CT

Sorted by active inventory · click a ZIP for its full report