Redding, CT June 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 from January 2026 to May 2026. You will see data comparisons between May and the previous month, the last three months and May 2025.
| Overview | YTD Avg. | May | April | Feb. – Apr. | May 2025 |
|---|---|---|---|---|---|
| New Listings | 62 | 27 | 15 | 10 | 30 |
| Average Sales Price per Square Foot | 323 | 287 | 345 | 304 | 293 |
| Average Days on Market | 147 | 68 | 61 | 195 | 103 |
| Number of Properties for Sale | 115 | 31 | 31 | 22 | 46 |
| Average List Price | $1,677,726 | $1,672,803 | $1,460,026 | $1,648,063 | $1,362,235 |
| Median List Price | $962,600 | $995,000 | $995,000 | $956,333 | $1,057,000 |
| Average Sales Price | $1,127,030 | $892,714 | $1,000,000 | $1,255,590 | $1,018,700 |
| Median Sales Price | $852,262 | $740,000 | $950,000 | $906,269 | $899,900 |
| Sales Price / List Price Ratio | 99.36% | 106.63% | 99.8% | 96.15% | 94.28% |
| Number of Properties Sold | 25 | 7 | 3 | 4 | 7 |
| Month’s Supply of Inventory | 5.39 | 4.43 | 10.33 | 6.56 | 6.57 |
| Absorption Rate | 0.24 | 0.23 | 0.1 | 0.21 | 0.15 |
Average & Median Sales Price
The median sales price in May 2026 was $740,000, down -22.11% from $950,000 from the previous month and -17.77% lower than $899,900 from May 2025. The May 2026 median sales price was at its lowest level compared to May 2025 and 2024. The average sales price in May 2026 was $892,714, down -10.73% from $1,000,000 from the previous month and -12.37% lower than $1,018,700 from May 2025. The May 2026 average sale price was at its lowest level compared to May 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 May 2026 sales price/list price ratio was 106.63%, up from 99.8% from the previous month and up from 94.28% from May 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in May 2026 was 7, up 133.33% from 3 from the previous month and equal to May 2025. The May 2026 sales were at a mid level compared to May 2025 and 2024. Absorption rate is the average 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 a seller’s market. The DOM for May 2026 was 68 days, up 11.48% from 61 days from the previous month and -33.98% lower than 103 days from May 2025. The May 2026 DOM was at its lowest level compared with May 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 May 2026 was $287, down -16.81% from $345 from the previous month and -2.05% lower than $293 from May 2025.
Inventory & MSI
The number of properties for sale in May 2026 was 31, equal to the previous month and -32.61% lower than 46 from May 2025. The May 2026 inventory was at a mid level compared with May 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2026 MSI of 4.43 months was at its lowest level compared with May 2025 and 2024.
New Listings
The number of new listings in May 2026 was 27, up 80.0% from 15 from the previous month and -10.0% lower than 30 from May 2025. The May 2026 listings were at a mid level compared to May 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the May 2026 Redding Market Update:
🏠 Prices at their lowest May level in three years — Median sales price came in at $740,000, down 17.77% from May 2025’s $899,900. With only 7 sales, one or two lower-priced closings can shift the whole average significantly.
⏳ Homes selling faster than any May in three years — DOM dropped to 68 days, down 34% from May 2025’s 103. A meaningful improvement in pace for a market that averaged 147 DOM year-to-date.
📉 Inventory steady but MSI at its lowest May level in three years — 31 homes for sale, unchanged from April, with an MSI of 4.43 — the tightest supply reading for a May in the three-year window.
📊 Buyers paid well over asking on a small but active month — 7 homes closed at 106.63% of list price, up sharply from April’s 99.8% and last May’s 94.28%. When the right homes are priced right in Redding, buyers compete.
What Buyers and Sellers Need to Know
✨ Sellers: The 106.63% list-to-sale ratio shows that well-priced homes generate real competition. Pricing precision matters more here than anywhere — one overpriced listing in a 7-sale month stands out immediately.
🔍 Buyers: With only 31 homes available and DOM improving, the best listings are moving. Come prepared — Redding rewards patience, but not hesitation.
Want Personalized Advice?
Have thoughts or questions? Let me know what you think!
Feel free to reach out anytime—and don’t forget to like and subscribe for more updates on the Weston market!
