Redding, CT May 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 April 2026. You will see data comparisons between April and the previous month, the last three months and April 2025.
| Overview | YTD Avg. | April | March | Jan. – Mar. | Apr. 2025 |
|---|---|---|---|---|---|
| New Listings | 35 | 15 | 9 | 7 | 20 |
| Average Sales Price per Square Foot | 330 | 337 | 222 | 327 | 285 |
| Average Days on Market | 166 | 58 | 378 | 202 | 66 |
| Number of Properties for Sale | 81 | 27 | 21 | 18 | 33 |
| Average List Price | $1,762,821 | $1,605,030 | $1,694,043 | $1,815,417 | $1,273,751 |
| Median List Price | $984,000 | $1,125,000 | $925,000 | $937,000 | $949,000 |
| Average Sales Price | $1,194,984 | $1,037,500 | $1,925,000 | $1,247,479 | $845,714 |
| Median Sales Price | $902,202 | $1,037,500 | $940,000 | $857,103 | $835,000 |
| Sales Price / List Price Ratio | 97.52% | 99.7% | 93.44% | 96.8% | 98.62% |
| Number of Properties Sold | 17 | 2 | 3 | 5 | 7 |
| Month’s Supply of Inventory | 6.5 | 13.5 | 7 | 4.17 | 4.71 |
| Absorption Rate | 0.24 | 0.07 | 0.14 | 0.29 | 0.21 |
Average & Median Sales Price
The median sales price in April 2026 was $1,037,500, up 10.37% from $940,000 from the previous month and 24.25% higher than $835,000 from April 2025. The April 2026 median sales price was at its highest level compared to April 2025 and 2024. The average sales price in April 2026 was $1,037,500, down -46.10% from $1,925,000 from the previous month and 22.68% higher than $845,714 from April 2025. The April 2026 average sale price was at a mid level compared to April 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 April 2026 sales price/list price ratio was 99.7%, up from 93.44% from the previous month and up from 98.62% from April 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in April 2026 was 2, down -33.33% from 3 from the previous month and -71.43% lower than 7 from April 2025. The April 2026 sales were at its lowest level compared to April 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 April 2026 was 58 days, down -84.66% from 378 days from the previous month and -12.12% lower than 66 days from April 2025. The April 2026 DOM was at its lowest level compared with April 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 April 2026 was $337, up 51.80% from $222 from the previous month and 18.25% higher than $285 from April 2025.
Inventory & MSI
The number of properties for sale in April 2026 was 27, up 28.57% from 21 from the previous month and -18.18% lower than 33 from April 2025. The April 2026 inventory was at its lowest level compared with April 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2026 MSI of 13.5 months was at its highest level compared with April 2025 and 2024.
New Listings
The number of new listings in April 2026 was 15, up 66.67% from 9 from the previous month and -25.00% lower than 20 from April 2025. The April 2026 listings were at a mid level compared to April 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the April 2026 Redding Market Update:
🏠 Median price at its highest April level in three years – Median sales price rose to $1,037,500, up 10.37% from March’s $940,000 and up 24.25% from last April’s $835,000 — its highest level compared to April 2025 and 2024.
⏳ DOM snaps back sharply after a March outlier – Average days on market fell to 58 days, down dramatically from March’s 378-day average — which reflects the low-volume nature of Redding’s market rather than a market shift.
📉 Inventory at a three-year low, but MSI signals a buyer’s market – Just 27 homes for sale, down 18.18% from last April. However, with only 2 closings in April, the MSI of 13.5 months is at its highest compared to April 2025 and 2024.
📊 A quiet month by volume – Only 2 homes closed in April, the lowest April total in three years. New listings rose 66.67% to 15 from March’s 9, though still down 25% from last April’s 20.
What Buyers and Sellers Need to Know
✨ Sellers: Prices are at a three-year April high, but with only 2 sales this month, patience is part of the Redding equation. Proper pricing is essential in a low-velocity market.
🔍 Buyers: A 13.5-month supply means negotiating room exists. With 27 homes available and little competition, Redding rewards buyers who do their homework.
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