May Market Update

May 20, 2021

Today’s market update really features one specific word, stability. It’s coming to the market. We’re finally seeing properties enter into the marketplace, and we’re really excited about it. As we look back over the past 30 to 60 days, we see more and more home sellers put their homes to the market. What this has actually meant for home buyers and sellers is that as much as there are multiple offers still on properties, buyers have more properties to choose from, which means that there’s encouragement there in the marketplace. 

We’re seeing inventory rates stay and hover above two months overall and we were excited by that because it started to dip as you watched the previous Market Updates to below two months worth of inventory. Now we’re starting to see the market stabilize, new homes are coming to the market and yet prices continue to rise.

Winner Towns

As we look to the market, we’ve got a couple of towns that are absolute winners out there right now. 

  • You could be in a town like Simsbury and have enjoyed appreciation of around 5%, maybe a little bit more. 
  • Towns like Glastonbury at 7%
  • The Windsors coming in around 10%
  • South Windsor coming in at 12%. 
  • Starting to see towns like Southington and Plainville at 12% increases in their prices over the past years.
  • Our number one winner so far, year-to-date is Granby at over 16% of sale prices increasing from last year at this time until now so we’re really excited about that. 

If you’re in one of those towns and maybe some surrounding towns, we’d love for you to reach out and see what the pricing has been for your properties. If you’re a buyer in the market, it’s still an amazing time. Interest rates have continued to remain low. There’s a little bit of fluctuation in the market, but what we can tell you here is that we’ve got a 7-step plan for you in order to win properties, whether on the market or off the market and one of the biggest concerns for buyers is, how do I find a house? Because I’m showing up every single time to these properties and they’re going under contract and I’m having to compete. Well, we’ve got a 7-step plan for you that you can compete against other offers, still win on it, and don’t have to be the top price on the table. We’d love for you to reach out to us, share a little bit more about your story, what you’re looking for in a property and we’d love to share that 7-step plan with you. 

Increasing Inflation

Other things that are happening in the market right now are inflation is definitely being reported as increasing. We’ve seen Consumer Price Index reporting in the past couple of weeks and it’s grossly inflated now, so that’s been affecting the real estate market in certain ways. What I want to share with you is if you’re an investor in the market and you’re seeing the turbulence that’s happening in the stock market right now, well, now is a good chance for you to reach out to us and start talking about some real estate investments.



Here at Brooke Group, we have a commercial division that has launched and we’re thrilled to offer that, as well as large multifamily opportunities. If you’re an investor in the market, and you’ve been thinking about getting into real estate, you’re not sure where to place your capital, now is a great time to reach out to us, so we can help guide you with that. 

Once again, you can always reach us at www.brookegrouprealestate.com and Like us on Facebook, Instagram, and YouTube.

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