Redding, CT July 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report
Overview
The overview below shows real estate activity from January 2025 to June 2025. You will see data comparisons between June and the previous month, the last three months and June 2024.
| Overview | YTD Avg. | June | May | Mar. – May | Jun. 2024 |
|---|---|---|---|---|---|
| New Listings | 88 | 14 | 29 | 20 | 23 |
| Average Sales Price per Square Foot | 322 | 359 | 293 | 297 | 316 |
| Average Days on Market | 79 | 31 | 103 | 94 | 37 |
| Number of Properties for Sale | 180 | 35 | 42 | 33 | 36 |
| Average List Price | $1,372,526 | $1,458,114 | $1,433,283 | $1,334,910 | $1,433,481 |
| Median List Price | $1,089,000 | $1,085,000 | $1,097,000 | $1,013,667 | $942,000 |
| Average Sales Price | $1,062,309 | $934,000 | $1,018,700 | $891,284 | $1,043,714 |
| Median Sales Price | $988,983 | $925,000 | $899,900 | $852,467 | $1,006,000 |
| Sales Price / List Price Ratio | 97.38% | 106% | 94.28% | 95.37% | 105.3% |
| Number of Properties Sold | 45 | 11 | 7 | 7 | 7 |
| Month’s Supply of Inventory | 4.13 | 3.18 | 6 | 4.52 | 5.14 |
| Absorption Rate | 0.26 | 0.31 | 0.17 | 0.24 | 0.19 |
Average & Median Sales Price
The median sales price in June 2025 was $925,000, up 2.79% from $899,900 from the previous month and -8.05% lower than $1,006,000 from June 2024. The June 2025 median sales price was at a mid level compared to June 2024 and 2023.
The average sales price in June 2025 was $934,000, down -8.31% from $1,018,700 from the previous month and -10.51% lower than $1,043,714 from June 2024. The June 2025 average sale price was at its lowest level compared to June 2024 and 2023.
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 June 2025 sales price/list price ratio was 106%, up from 94.28% from the previous month and equal to June 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in June 2025 was 11, up 57.14% from 7 from the previous month and 57.14% higher than 7 from June 2024. The June 2025 sales were at a mid level compared to June 2024 and 2023.
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 June 2025 was 31 days, down -69.90% from 103 days from the previous month and -16.22% lower than 37 days from June 2024. The June 2025 DOM was at its lowest level compared with June 2024 and 2023.
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 June 2025 was $359, up 22.53% from $293 from the previous month and 13.61% higher than $316 from June 2024.
Inventory & MSI
The number of properties for sale in June 2025 was 35, down -16.67% from 42 from the previous month and -2.78% lower than 36 from June 2024. The June 2025 inventory was at a mid level compared with June 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2025 MSI of 3.18 months was at a mid level compared with June 2024 and 2023.
New Listings
The number of new listings in June 2025 was 14, down -51.72% from 29 from the previous month and -39.13% lower than 23 from June 2024. The June 2025 listings were at its lowest level compared to June 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the June 2025 Redding Market Update:
🏠 Home prices stabilized – Median sales price is $925,000. That's up 3% from May's $899,900 but still 8% below last year's $1,006,000, suggesting price corrections have stabilized.
⚡ Homes selling dramatically faster – Average days on market dropped to 31 days, down 70% from May's 103 days, and 16% faster than last year's 37 days. Market momentum has completely shifted.
📈 Inventory tightened quickly – 35 homes for sale, down 17% from last month's 42 and flat with last year's 36. Available homes are being absorbed rapidly.
📊 Sales activity surged – 11 homes closed in June, up 57% from May's 7 closings and 57% above last year's 7 sales. Strong buyer demand has returned.
What Buyers and Sellers Need to Know
✨ Sellers: Price realistically for immediate results. The drop from 103 to 31 days shows properly priced homes sell fast in current conditions.
🔍 Buyers: Act quickly on well-priced properties. The market has shifted back to seller-favorable conditions with homes moving in just over a month.
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