Market Intelligence Report — CT-980

Norwich-New London-Willimantic, CT

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

Ref. No: 2026-CT-09
As of the latest 2026 data
Very Competitive

Median Listing

$470K
+4.4% YoY

Pending Ratio

0.85
-22.2% YoY

Active Inventory

454
+11.7% YoY

Median DOM

40 Days
-5.4% YoY

Primary Intelligence Tool — Sold Score™

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The Norwich-New London-Willimantic market exhibits very competitive conditions, driven by a pending ratio of 0.85. This indicates strong demand absorption relative to available inventory, despite an 11.7% year-over-year increase in active listings.

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 expanded by 11.7% over the past year, reaching 454 units, while new listings saw a slight contraction of 2.7%. Despite this inventory growth, the market's pending ratio of 0.85 suggests robust demand, although it has declined by 22.2% year-over-year. Median listing prices have experienced a 4.4% increase over the past year, reaching $469,974, with a 1.3% month-over-month gain, indicating continued price appreciation. Days on market have decreased by 5.4% year-over-year to 40 days, reflecting a faster pace of transactions.

Historical Analysis

Market Trends

Median Price

$470K+1.3% MoM

Active Inventory

454+11.7% YoY

Days on Market

40-5.4% YoY

Sold Score™

85-22.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

85
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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 current market dynamics suggest that properties are being absorbed at a rapid pace, placing pressure on the available inventory. This environment necessitates price discipline from market participants, as the swift absorption rate limits the duration properties remain available. Negotiating leverage strongly favors the listing side, driven by the high pending ratio and declining median days on market.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

454 active listings represent the current floor, with new supply arriving at roughly 288 per month.

Pricing Pressure
12.3%

of active listings carry a price reduction, -0.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.5% year-over-year.

Absorption
0.85

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Norwich-New London-Willimantic, CT? Inventory is up 12% from last year.

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
85%
Median Days on Market
40 days
Inventory YoY
+12%

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