Table of Contents
A small northeastern state has five of the most active housing markets this summer.
Although mortgage rates remain elevated, sitting at 6.89 percent for a 30-year rate, some housing markets are still red hot and have buyers ready to pounce.
The most searched location in June was Hartford, Connecticut, according to Realtor.com Review.
Hartford, just two hours from New York City, received 4.4 times more visits per property than the national average last month.
Connecticut also had four more metropolitan areas in the top 20, making it the state with the highest demand for property right now.
Hartford
A 3,698-square-foot home in Hartford is currently listed for $649,900
Hartford has a median home price of $450,000, making it much more affordable than New York City and attracting commuters and families looking for more space on its leafy streets.
Known as the nation’s insurance capital, the city offers numerous cultural attractions, including Mark Twain’s former home, the Harriet Beecher Stowe Center, and the State Capitol building.
Once properties in the area hit the market, it takes an average of just 17 days for them to sell out, according to data from Realtor.com.
New Haven and Milford
Connecticut homes may offer more space for the price but are still affordable from New York
New Haven, best known for being home to the world-famous Ivy League College Yale, ranked No. 9 as the most in-demand property in the U.S.
The area also has top-rated public schools and large green spaces, perfect for young families.
Properties in New Haven spend an average of 26 days on the market before being purchased.
Worcester
This three-bedroom home in the Worcester area is for sale for $599,900
The Worcester area, which is partially located in Massachusetts, was ranked as the 12th most desirable real estate market last month.
Towns and cities in the Connecticut area include leafy Woodstock, Plainfield, Eastford, and Brooklyn.
The median home price in this area is $550,000.
Bridgeport, Stamford and Norwalk
A four-bedroom, five-bathroom home for sale for just over $1 million in Stamford
Close behind in thirteenth place are the Connecticut cities of Bridgeport, Stamford and Norwalk.
Bridgeport is the state’s most populous city, with around 150,000 residents. The port city, just 60 miles from Manhattan, is popular with commuters.
Stamford is recognized as a business center and is home to five Fortune 500 companies.
Just off the coast, the city of Norwalk is loved by residents for its Maritime Aquarium, its fun array of shops and restaurants, as well as its well-preserved Gilded Age mansions.
The area is expensive and the average market price is $960,000.
Norwich and New London
New London is home to a diverse community and offers a rich arts and music scene.
Connecticut’s fifth most active housing market is Norwich, followed by New London, which ranked 19th as the most desirable market in the U.S. last month.
Bordering the natural beauty of Gardner Lake, Norwich offers harbor views, stunning green spaces like Mohegan Park, and attractions like the Slater Memorial Museum.
New London is home to a diverse community of around 27,000 residents and offers a rich arts and music scene, as well as excellent restaurants and accessible outdoor spaces at nearby Ocean Beach.
Homes in the area spend an average of 30 days on the market to find buyers.