Redding, CT February 2026 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report
Overview
The overview below shows real estate activity for January 2026. You will see data comparisons between January and the previous month, the last three months and January 2025.
| Overview | YTD Avg. | January | December | Oct. – Dec. | Jan. 2025 |
|---|---|---|---|---|---|
| New Listings | 5 | 5 | 2 | 5 | 5 |
| Average Sales Price per Square Foot | 415 | 415 | 332 | 344 | 406 |
| Average Days on Market | 84 | 84 | 66 | 64 | 73 |
| Number of Properties for Sale | 12 | 12 | 14 | 24 | 23 |
| Average List Price | $2,211,167 | $2,211,167 | $1,955,636 | $1,627,042 | $1,371,017 |
| Median List Price | $1,089,000 | $1,089,000 | $964,000 | $978,333 | $1,189,000 |
| Average Sales Price | $975,667 | $975,667 | $1,086,143 | $1,043,790 | $1,669,000 |
| Median Sales Price | $802,500 | $802,500 | $1,028,000 | $952,667 | $1,350,000 |
| Sales Price / List Price Ratio | 101.73% | 101.73% | 99.46% | 100.54% | 95.98% |
| Number of Properties Sold | 6 | 6 | 7 | 9 | 5 |
| Month’s Supply of Inventory | 2 | 2 | 2 | 2.62 | 4.6 |
| Absorption Rate | 0.5 | 0.5 | 0.5 | 0.41 | 0.22 |
Average & Median Sales Price
The median sales price in January 2026 was $802,500, down -21.94% from $1,028,000 from the previous month and -40.56% lower than $1,350,000 from January 2025. The January 2026 median sales price was at its lowest level compared to January 2025 and 2024. The average sales price in January 2026 was $975,667, down -10.17% from $1,086,143 from the previous month and -41.54% lower than $1,669,000 from January 2025. The January 2026 average sale price was at a mid level compared to January 2025 and 2024.
Sales Price / List Price Ratio
The sales price/list price ratio is the average sale price divided by the average list price for sold properties expressed as a percentage. If it is above 100%, homes are selling for more than the list price. If it is less than 100%, homes are selling for less than the list price. The January 2026 sales price/list price ratio was 101.73%, up from 99.46% from the previous month and up from 95.98% from January 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in January 2026 was 6, down -14.29% from 7 from the previous month and 20.0% higher than 5 from January 2025. The January 2026 sales were at its highest level compared to January 2025 and 2024. Absorption rate is the avg number of sales per month divided by the total number of available properties.
Average Days on Market
The average days on market (DOM) is the number of days a property is on the market before it sells. An upward trend in DOM tends to indicate a move towards a buyer’s market, a downward trend tends to indicate a move towards seller’s market. The DOM for January 2026 was 84 days, up 27.27% from 66 days from the previous month and 15.07% higher than 73 days from January 2025. The January 2026 DOM was at a mid level compared with January 2025 and 2024.
Average Sales Price per Square Foot
The average sales price per square foot is a more normalized indicator for the direction of property value. The sales price per square foot in January 2026 was $415, up 25.00% from $332 from the previous month and 2.22% higher than $406 from January 2025.
Inventory & MSI
The number of properties for sale in January 2026 was 12, down -14.29% from 14 from the previous month and -47.83% lower than 23 from January 2025. The January 2026 inventory was at its lowest level compared with January 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2026 MSI of 2 months was at its lowest level compared with January 2025 and 2024.
New Listings
The number of new listings in January 2026 was 5, up 150.0% from 2 from the previous month and equal to January 2025. The January 2026 listings were at its lowest level compared to January 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the January 2026 Redding Market Update:
🏠 Prices declining sharply – Median sales price fell to $802.5K, down 21.94% from December and down 40.56% from last year to lowest level historically. Average sales price at $975.7K, down 10.17% monthly and down 41.54% year-over-year. Mid-level pricing compared to historical data.
⏳ Market pace moderating – Average days on market at 84 days, up 27.27% from December's 66 days and up 15.07% from last year's 73 days. Mid-level pace compared to recent years.
📈 Inventory severely constrained – 12 homes for sale, down 14.29% from last month's 14, and down 47.83% from last year's 23. January 2026 inventory at lowest level historically. Months supply at 2.0, also at record low.
📉 Sales volume increasing – 6 homes closed, down 14.29% from December's 7, but up 20% from last year's 5 to highest level compared to January 2025 and 2024. New listings at 5, up 150% from December but flat year-over-year to lowest level on record.
What Buyers and Sellers Need to Know
✨ Sellers: Homes selling above asking (101.73% ratio), extremely low 2.0-month supply, and strong absorption rate (0.50 vs 0.22 last year) create favorable conditions despite significant year-over-year price declines.
🔍 Buyers: Major affordability shift with median down 41% year-over-year to $802.5K. Record-low inventory (-48% yearly) limits selection but sales up 20% from last year signal market stabilizing at new price level.
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