Redding, CT March 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 February 2026. You will see data comparisons between February and the previous month, the last three months and February 2025.
| Overview | YTD Avg. | February | January | Nov. – Jan. | Feb. 2025 |
|---|---|---|---|---|---|
| New Listings | 9 | 3 | 6 | 4 | 8 |
| Average Sales Price per Square Foot | 380 | 345 | 415 | 358 | 278 |
| Average Days on Market | 115 | 145 | 84 | 72 | 88 |
| Number of Properties for Sale | 28 | 12 | 16 | 18 | 24 |
| Average List Price | $2,051,041 | $2,195,275 | $1,906,806 | $1,689,051 | $1,375,329 |
| Median List Price | $951,725 | $939,450 | $964,000 | $959,000 | $1,219,000 |
| Average Sales Price | $908,719 | $841,770 | $975,667 | $1,001,346 | $1,097,000 |
| Median Sales Price | $815,654 | $828,808 | $802,500 | $893,500 | $1,101,500 |
| Sales Price / List Price Ratio | 98.48% | 95.22% | 101.73% | 101.05% | 96.21% |
| Number of Properties Sold | 12 | 6 | 6 | 8 | 7 |
| Month’s Supply of Inventory | 2.34 | 2 | 2.67 | 2.35 | 3.43 |
| Absorption Rate | 0.44 | 0.5 | 0.38 | 0.43 | 0.29 |
Average & Median Sales Price
The median sales price in February 2026 was $828,808, up 3.28% from $802,500 from the previous month and -24.76% lower than $1,101,500 from February 2025. The February 2026 median sales price was at its lowest level compared to February 2025 and 2024. The average sales price in February 2026 was $841,770, down -13.72% from $975,667 from the previous month and -23.27% lower than $1,097,000 from February 2025. The February 2026 average sale price was at its lowest level compared to February 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 February 2026 sales price/list price ratio was 95.22%, down from 101.73% from the previous month and down from 96.21% from February 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in February 2026 was 6, equal to the previous month and -14.29% lower than 7 from February 2025. The February 2026 sales were at its lowest level compared to February 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 February 2026 was 145 days, up 72.62% from 84 days from the previous month and 64.77% higher than 88 days from February 2025. The February 2026 DOM was at its highest level compared with February 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 February 2026 was $345, down -16.87% from $415 from the previous month and 24.10% higher than $278 from February 2025.
Inventory & MSI
The number of properties for sale in February 2026 was 12, down -25.00% from 16 from the previous month and -50.0% lower than 24 from February 2025. The February 2026 inventory was at its lowest level compared with February 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2026 MSI of 2 months was at its lowest level compared with February 2025 and 2024.
New Listings
The number of new listings in February 2026 was 3, down -50.0% from 6 from the previous month and -62.50% lower than 8 from February 2025. The February 2026 listings were at its lowest level compared to February 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the February 2026 Redding Market Update:
🏠 Prices continuing to slide – Median sales price fell to $828.8K, down 24.76% from last year to lowest level compared to February 2025 and 2024. Average sales price at $841.8K, down 13.72% monthly and down 23.27% year-over-year, also at its lowest level historically.
⏳ Market pace slowing sharply – Average days on market at 145 days, up 72.62% from January’s 84 days and up 64.77% from last year’s 88 days. Highest DOM level compared to February 2025 and 2024.
📈 Inventory holding at record lows – 12 homes for sale, down 25% from last month’s 16 and down 50% from last year’s 24, at lowest level historically. Months supply at 2.0, also at record low.
📉 Sales activity softening – 6 homes closed, equal to January and down 14.29% from last year’s 7, at lowest level compared to February 2025 and 2024. New listings at 3, down 50% from January and down 62.5% year-over-year, also at lowest level on record.
What Buyers and Sellers Need to Know
✨ Sellers: Record-low 2.0-month supply and a strong 0.50 absorption rate (up from 0.29 last year) keep underlying conditions competitive despite prices falling to their lowest level historically. Price per square foot at $345 is still up 24.10% from last February.
🔍 Buyers: Meaningful affordability improvement with median down 24.76% year-over-year to $828.8K and homes now selling below asking at a 95.22% ratio. Record-low inventory (-50% yearly) limits selection, but 145-day average DOM signals negotiating room.
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