Fall 2026 (August data) · New London County
Sean Wilding's New London County Market Update: Prices Up, Market Cooling Into Fall
Seller's Market, Cooling Into Fall
Single-Family Median
$459,500
▲ 10.7% year over year
Median Days on Market
10
All residential
Sold-to-List Price
102.3%
▲ Single-family, over asking
Months of Supply
1.71
527 active listings
New Pending Sales
248
▼ 19.5% year over year
Average Rent
$2,122
▼ 5.4% year over year
▶ Watch the video update
Home prices in New London County kept climbing through August 2026. The median single-family sale price reached $459,500, up 10.7 percent from $415,000 a year ago, and the year-to-date median sits at $438,944, up 9.3 percent. Zoom out further and the median single-family price has nearly doubled since 2016, when it was $219,900.
Still fast, still tight
Homes are selling in a median of just 10 days, and single-family sellers received 102.3 percent of list price in August. There were 527 homes actively for sale as of September 22, only about 1.71 months of supply. Anything under four months is considered a seller's market, so the county remains firmly on the seller's side.
The fall shift
Under the surface, the market is cooling. New listings in August rose 12.4 percent from last year to 389, while new pending sales fell 19.5 percent to 248. More sellers and fewer new contracts is the first sign of buyers gaining some leverage. It shows up in pricing too: 31 percent of active listings have reduced their price, with an average cut of 11 percent. Homes typically wait 38 days before that first reduction, then go under contract about 16 days after it.
Price by home size and the hottest range
So far in 2026, the median sale price is $290,000 for a 2-bedroom, $420,000 for a 3-bedroom, and $540,000 for a 4-bedroom. The most competitive range is $400,000 to $599,000, where homes sold this summer in a median of 7 days at nearly 3 percent over asking.
Condos and rentals
Condo buyers are getting more breathing room. The median condo price dipped 3.7 percent to $250,500, while condo inventory rose 23.9 percent to 83 units. On the rental side, the average monthly rent fell 5.4 percent to $2,122, even as available rentals dropped 11.8 percent to 300. Over the last 12 months, average rents ran $2,547 in Stonington, $2,467 in Groton, $2,345 in East Lyme, $2,183 in Waterford, $1,761 in New London, and $1,619 in Norwich.
What it means for you
If you're selling
Prices are still up about 10 percent year over year and supply is tight, so the fundamentals are on your side. But with pending sales slowing and nearly a third of listings cutting price, overpricing is getting more expensive. Price it right on day one and you can still sell quickly.
If you're buying
You have more choices than last year and more room to negotiate, especially on homes that have been sitting. The best-priced homes still move fast, particularly between $400,000 and $599,000, so get fully pre-approved and be ready to act.
Source: SmartMLS Local Market Update, Market Snapshot, and Rental Report for New London County, August 2026 (data current as of September 8 to 22, 2026). Figures reflect year-over-year change unless noted. Want the exact numbers for your town? Call or text Sean Wilding at (860) 854-3319.
June 2026 · Connecticut
Prices keep climbing as buyers compete for a tight market
Strong Seller's Market
Median Sale Price
$480,000
▲ 5.5% year over year
Single-Family Median
$530,000
▲ 6.0% year over year
Sold-to-List Price
104.7%
▲ Over asking
Days to Under Contract
23
Single-family median
Months of Supply
2.6
Balanced is 5 to 6
Pending Sales
+10.9%
▲ Demand rising
The Connecticut housing market stayed firmly in sellers' favor through June 2026. Across all residential property types statewide, the median sale price climbed to $480,000, up 5.5 percent from a year ago, according to SmartMLS. Single family homes led the way at a $530,000 median, up 6.0 percent, while condos and townhouses landed at $325,000. Prices have now risen for well over a year with no real sign of cooling.
Homes are selling fast, and above asking
Speed is the story. The typical single family home went under contract in just 23 days, and sellers received a remarkable 104.7 percent of their list price. In plain terms, the average seller walked away with more than they asked for. When a market pays over asking that consistently, it means demand is outrunning the number of homes available, and well-prepared listings are drawing multiple offers.
Inventory is tight, but cracking open
There were 7,402 homes for sale statewide at the end of June, about a 2.6 month supply. For context, a balanced market that favors neither side usually carries five to six months of inventory, so at 2.6 months Connecticut is squarely a seller's market. The bright spot for buyers: new listings rose 6.5 percent year over year and pending sales jumped 10.9 percent, meaning more homes are hitting the market and more deals are getting done. Choice is slowly improving.
The pressure point: affordability
The one metric moving the wrong way for buyers is affordability. The housing affordability index slipped to 97, down 2 percent from last year, as steady price growth continues to stretch budgets. That is exactly why strategy matters right now, on both sides of the deal.
What it means for you
If you're selling
The wind is at your back. Sharp, well-presented homes are selling quickly and frequently over asking. But do not confuse a hot market with a free pass, overpriced homes still sit and go stale. Pricing right from day one is how you capture multiple offers instead of chasing the market down.
If you're buying
Come prepared to compete. Get fully pre-approved, know your true top number, and be ready to move on the right home fast. More inventory is arriving, which helps, but the best-priced homes still go quickly, often with multiple offers. A clear plan beats emotion every time.
Source: SmartMLS Monthly Indicators, statewide Connecticut, June 2026 (data current as of July 8, 2026). Figures reflect year-over-year change unless noted. Want the exact numbers for your town or price range? Reach out anytime.
