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With summer upon us, the real estate market in Connecticut is intensifying. If you are considering buying or selling a home, now is the time to act. Here's what to expect.
In the state of Connecticut, newly listed homes are up 3.1% compared to last year, which means buyers have more opportunities to find the right home. However a positive for sellers is that median home prices are up 7.9% over the last year, indicating strong home values.
How to Prepare
Buyers:
- Determine your budget and stay flexible
- Get pre-approved early to ensure a strong offer
- Don't hesitate to jump on the right opportunity
Sellers:
- Prepare your home - make sure it is clean and updated
- Price realistically and competitively with help from an agent
- Take advantage of high demand during the summer
Ready to start the hunt for your next home? Turn to the experts at National Iron Bank to get pre-approved and be prepared to act fast.
Source: Redfin
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