Home prices continue to rise in Connecticut, where real estate is already hot.



A year after New York homebuyers hit the Connecticut housing market amid the COVID-19 pandemic, sales continue to accelerate through the summer of 2021, especially in communities along the Long Island Sound or just inland from Milford to Stonington.

William Pitt Sotheby’s International Realty reported a cumulative 14 percent increase in private home sales in May compared to May 2020 in about half of Connecticut’s high-end real estate brokerages.

Selling prices continue to rise – both as a result of sellers’ agents pushing bidders for “best and final” deals after open doors on weekends, and as expensive property owners seizing the opportunity to cash out in the hot market.

“The big question is whether this will continue,” said Paul Brainich, CEO of William Pitt Sotheby’s, headquartered in Stamford. “I personally think it will because the demand is coming from New York.”


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