Is It Time To Put Your Connecticut Home Back on the Market?

Is It Time To Put Your Connecticut Home Back on the Market?

If you took your house off the market in late 2024, you’re not alone. According to CoreLogic and The Wall Street Journal, nearly 73,000 homes were pulled from the market in December alone – more than in any other December since 2017. Many sellers paused their listings due to slow offers, holiday timing, or uncertainty about market conditions.

But with spring approaching, it’s time to reassess. The Connecticut market is already picking up, and waiting longer may mean facing more competition from other sellers.

Why Now Could Be the Right Time

Selma Hepp, Chief Economist at CoreLogic, notes that many sellers likely delayed their listings in hopes of a stronger spring market:

“Another reason for a step back could be that sellers wanted to wait and see how spring home buying season goes, and if mortgage rates fall, which would bring more home buyers and competition back in the market.”

Spring typically sees peak buyer demand. Warmer weather encourages home searches, and buyers aim to close before summer. Plus, while mortgage rates haven’t dropped significantly, they have eased slightly, sparking renewed buyer interest.

What To Do Differently This Time

Check Your Listing Status

Your first step is to verify your listing agreement. Even if you withdrew your listing, your contract may still be active. Consult your agent or brokerage for guidance. According to Realtor.com:

“If you aren’t sure of the status of your listing, whether active, expired, or withdrawn, take a look at your listing agreement and talk to your real estate agent.”

Evaluate Your Selling Strategy

If your home didn’t sell before, consider adjustments in these key areas:

• Pricing Strategy: Was your price too high? Reviewing recent Connecticut home sales with your REALTOR® can help you set a competitive price that attracts buyers.

• Marketing Approach: Were your listing photos high-quality? Did you stage your home effectively? A fresh approach, including updated photos and spring curb appeal, can make a difference.

• Offering Concessions: Some sellers are now covering closing costs or offering other incentives. If you weren’t open to negotiations before, revisiting this strategy could help.

• Showings and Flexibility: Limited showing availability may have reduced your buyer pool. Consider adjusting your schedule to accommodate more potential buyers.

Bottom Line

If your Connecticut home didn’t sell last year, spring may be your second chance. With buyer activity increasing, now is the perfect time to strategize with a real estate professional.