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Madonna & Phillips Team at William Pitt Sotheby's International Realty

Litchfield County Connecticut Luxury Real Estate For Sale

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Madonna & Phillips Team at William Pitt Sotheby's International Realty

Litchfield County Connecticut Luxury Real Estate For Sale

  • Power Search
    • Off-MLS Listings
    • Cheap & Chic
    • Great Views
    • Historic/Antique
    • Horse Properties
    • Modern Collection
    • Turnkey
    • Very Private
    • Waterfront
    • Rentals
      • Summer Rentals
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      • Annual Rentals
    • Search by Price
      • Properties Over $3M
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      • Properties $500K – $1M
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Looking for certain features

Market Watch | Litchfield County Q2 2021

By

markmadonna

Posted in Market Data On July 26, 2021

Q2 2021 Market Watch

Our housing markets remain far ahead of last year, both year to date and quarter over quarter. Buyer demand is high and remains much greater than the supply of homes available can accommodate. This phenomenon has sent prices surging over this time last year, with more middle and upper end property transactions. We are consistently witnessing closed dollar volume gains exceeding closed unit sales by 30 to 40%. This same spread between dollars and units is also reflected in the new inventory arriving. And although overall inventory levels may be down, there were more new listings taken this quarter than the same period in 2020. These homes are turning over so rapidly that overall inventory levels remain low.

Q2 2021 Market Watch – Litchfield County Report

Author: William Pitt – Julia B. Fee Sotheby’s International Realty, Catalog: Q2 2021 Market Watch – Litchfield County Report Published: Jul 06, 2021

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