“Think Prices Will Drop? Not in Glastonbury.”
- davidconstantjr
- May 6
- 2 min read
💡 Thinking Home Prices Will Drop in Glastonbury? You Might Be Waiting a Long, Long Time
If you’ve been holding off on buying a home in Glastonbury, CT, in hopes that prices will come down—you may want to rethink that strategy. New data from Realtor.com shows that price reductions are becoming fewer and farther between in our local market, and that trend could continue.
📉 Price Reductions Are Drying Up
The chart above tracks the number of homes with price reductions in Glastonbury (blue bars) from April 2024 to March 2025—and the trend is clear:
July 2024 saw the highest number of price cuts (14 homes), likely due to a summer surge in listings.
By January and March 2025, that number had dropped to zero.
Even during the slower winter months, when discounts are more typical, Glastonbury saw very few price reductions.
Compare that to the national trend (orange line), which remains relatively stable. Our local market is tightening faster than the rest of the country.
🏘️ What This Means for You
For Buyers: If you’re waiting for home prices to come down, you may be on the sidelines for a long time. The data shows that sellers in Glastonbury are holding firm—and price drops are no longer common. With continued buyer demand and low inventory, homes are more likely to sell at or near asking price.
For Sellers: Now is still a strong time to list. The market remains resilient, and you’re less likely to face pressure to drop your price—especially if your home is well-presented and properly priced from the start.
⏳ Waiting May Cost You
The message is clear: the days of widespread price reductions are behind us—at least for now. Delaying your purchase in hopes of a better deal might not just be unrealistic—it could mean paying more down the line.
Have questions about what this means for your home search or sale?Let’s talk. I live and work right here in Glastonbury, and I can help you make smart, confident moves in today’s market.
📲 Reach out today to schedule a quick consultation.
Comentarios