Redding, CT September 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 August 2026. You will see data comparisons between August and the previous month, the last three months and August 2025.
| Overview | YTD Avg. | August | July | May. – Jul. | Aug. 2025 |
|---|---|---|---|---|---|
| New Listings | 90 | 7 | 8 | 16 | 10 |
| Average Sales Price per Square Foot | 346 | 426 | 347 | 337 | 318 |
| Average Days on Market | 106 | 45 | 37 | 45 | 54 |
| Number of Properties for Sale | 225 | 25 | 34 | 39 | 42 |
| Average List Price | $1,605,986 | $1,534,456 | $1,635,688 | $1,550,499 | $1,490,233 |
| Median List Price | $1,003,688 | $1,099,000 | $1,099,500 | $1,037,500 | $1,022,000 |
| Average Sales Price | $1,111,749 | $1,301,846 | $1,129,491 | $949,902 | $1,072,667 |
| Median Sales Price | $905,789 | $985,000 | $1,200,000 | $913,333 | $955,000 |
| Sales Price / List Price Ratio | 101.11% | 101.1% | 105.84% | 105.87% | 98.32% |
| Number of Properties Sold | 62 | 13 | 17 | 10 | 9 |
| Month’s Supply of Inventory | 4.77 | 1.92 | 2 | 4.57 | 4.67 |
| Absorption Rate | 0.29 | 0.52 | 0.5 | 0.28 | 0.21 |
Average & Median Sales Price
The median sales price in August 2026 was $985,000, down -17.92% from $1,200,000 from the previous month and 3.14% higher than $955,000 from August 2025. The August 2026 median sales price was at a mid level compared to August 2025 and 2024. The average sales price in August 2026 was $1,301,846, up 15.26% from $1,129,491 from the previous month and 21.37% higher than $1,072,667 from August 2025. The August 2026 average sale price was at a mid level compared to August 2025 and 2024.
Note: the source report’s monthly trend line isn’t accompanied by per-point labels, so the chart below shows only the confirmed comparison points from the report (YTD average, the May.–Jul. period, July, August, and August 2025) rather than a fabricated 36-month series.
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 August 2026 sales price/list price ratio was 101.1%, down from 105.84% from the previous month and up from 98.32% from August 2025.
Note: shown as a comparison of the confirmed report values (YTD average, May.–Jul., July, August, August 2025) — full monthly figures were not labeled in the source report.
Number of Properties Sold & Absorption Rate
The number of properties sold in August 2026 was 13, down -23.53% from 17 from the previous month and 44.44% higher than 9 from August 2025. The August 2026 sales were at a mid level compared to August 2025 and 2024. Absorption rate is the avg number of sales per month divided by the total number of available properties.
Absorption rate monthly values weren’t labeled in the source chart — only the comparison points below are confirmed.
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 August 2026 was 45 days, up 21.62% from 37 days from the previous month and -16.67% lower than 54 days from August 2025. The August 2026 DOM was at its lowest level compared with August 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 August 2026 was $426, up 22.77% from $347 from the previous month and 33.96% higher than $318 from August 2025.
Note: shown as a comparison of the confirmed report values — full monthly figures were not labeled in the source chart.
Inventory & MSI
The number of properties for sale in August 2026 was 25, down -26.47% from 34 from the previous month and -40.48% lower than 42 from August 2025. The August 2026 inventory was at its lowest level compared with August 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2026 MSI of 1.92 months was at its lowest level compared with August 2025 and 2024.
MSI monthly values weren’t labeled in the source chart — only the comparison points below are confirmed.
New Listings
The number of new listings in August 2026 was 7, down -12.50% from 8 from the previous month and -30.0% lower than 10 from August 2025. The August 2026 listings were at its lowest level compared to August 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the August 2026 Redding Market Update:
💰 Prices are up from last year — Average sales price hit $1,301,846, up 21.37% from August 2025’s $1,072,667, with a 15.26% jump from July’s $1,129,491. Median sales price came in at $985,000, also up 3.14% year-over-year despite pulling back from July’s outlier $1,200,000.
⏳ Homes are moving faster than last year — Average days on market came in at 45, down 16.67% from August 2025’s 54 days, even with a slight uptick from July’s 37. Still a solid pace for sellers.
📦 Inventory hit a three-year August low — Only 25 homes for sale, down 40.48% from August 2025’s 42. With a Month’s Supply of just 1.92, options remain scarce for buyers.
📊 Sellers keep an edge — 13 homes closed in August, up 44.44% from last August’s 9, and they sold at 101.1% of list price, up from August 2025’s 98.32%. New listings also pulled back to just 7.
What Buyers and Sellers Need to Know
✨ Sellers: Inventory is at its lowest August level in three years and homes are closing above asking price. With a sales-to-list ratio of 101.1% and just 1.92 months of supply, conditions favor sellers — and sales volume is up sharply year-over-year.
🔍 Buyers: With only 25 homes available and new listings pulling back to just 7 this month, the pool is thin. Be ready to move decisively when the right home appears, and lean on data, not emotion, when shaping an offer.
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