July Market Update

Jul 20, 2021

Well, it’s halftime. We’re halfway through the year and this is the July Market Update for Brooke Team at eXp Realty. Over the last several months, our team has sold over 300 properties since January and we have another hundred families who we’re about to close on their property. That’s almost 400 properties, a hundred million dollars worth of real estate sold! We want to thank you so much for putting your trust in us as Brooke Team at eXp Realty for your place for all your real estate needs. 

A great time to be in real estate

Now, the market has continued to escalate in terms of price median sale pricing; last month was around $315,000. We’re seeing that increase all the way up to $340,000. It’s so incredible what’s happening right now. But like I said in our last Market Update back in June, market stabilization is actually here in regards to supply and demand. We’re still seeing that supply hover just over about two months’ worth of inventory. Now, if you can believe it, looking back last year, our median sale price for the whole state was around $276,000. That means that a 23% increase has happened in appreciation for our single-family properties in Connecticut…that’s incredible! Many of you would love to see that in your retirement accounts and we’re actually seeing that in the real estate market, which is why you’ve probably seen in the news that a lot of big investors across the country, these institutional buyers, are actually buying up single-family properties all over the country. This is an incredible time to be in real estate and we want you to reach out for more information on that.

Increasing prices

Our days on market have also stabilized as well. We’re hovering just over about two weeks’ worth of time on the market, but we’re seeing properties for the most part at Brooke Team at eXp Realty sell within a week. We’re really excited, if you decide to reach out to us, we’d love to show you our 7-step Marketing Plan in order to sell your property for the most amount that it can in this current market.

If you’re a buyer, fear not. This is still an amazing time to buy property. Many of our homebuyers are actually closing on properties and seeing their home values go up from the day that they went under contract all the way to the day of closing. It’s still increasing and we’re seeing in this market, especially in Connecticut, a lot of development, a lot of new jobs, and that is going to mean that prices are potentially and projected to continue to increase for the foreseeable future. So we’re really seeing that stabilization of supply, that increase in pricing but it’s out of a need-based market and out of opportunity that’s available.

List of trusted professionals

Now again, it’s halfway through the year and I’m actually looking forward, in my own house, I’ve got some maintenance that I need to do and not only that but there are some experiences that we’ve had in the past that we want to provide to our customers who want the best experience for not only our real estate agents, but our customers as well. 


If you’ve thought to yourself, “you know what? I really need to get on somebody’s list for this Fall in order to take care of my leaves”, or “I need someone to come out, an arborist in order to take care of some of the trees that are in my backyard”. And you know what, “I need to get on someone’s list for plowing this year”. Maybe it’s even that you need to start planning for your retirement, you need a financial planner or an accountant or a bookkeeper. We want to make sure that we’re letting our customers know that we want to be the number one place for you, for all terms of great referrals to awesome relationships that are out there.


So, please, contact us today in order to get access to this list of trusted professionals in the state of Connecticut for some of the best experiences that our customers are continually raving about. Thank you so much for continuing to choose Brooke Team at eXp Realty for all your needs and again, you can follow us at any time on Facebook, Instagram, YouTube or visit us at brookegrouprealestate.com. 

Share by: