A small Northeastern state boasts five of this summer’s hottest real estate markets.
Although mortgage rates remain high at 6.89% for a 30-year rate, some housing markets are still booming and buyers are poised to pounce.
The most popular place to live in June was Hartford, Connecticut, according to an analysis by Realtor.com.
In Hartford, just two hours from New York City, the number of views per property was 4.4 times the national average last month.
Connecticut has four additional metro areas ranked in the top 20, making it the state with the highest real estate demand right now.
Hartford
The 3,698-square-foot home in Hartford is currently on the market for $649,900.
Hartford’s median home price of $450,000 makes it much more affordable than New York City, attracting commuters and families looking for more space on leafy streets.
Known as the nation’s insurance capital, the city is home to numerous cultural attractions, including Mark Twain’s former home, the Harriet Beecher Stowe Center, and the State Capitol.
According to data from Realtor.com, once a property hits the market in this area, it takes an average of just 17 days to sell.
New Haven and Milford
Connecticut homes offer valuable space while still allowing commuters to New York
New Haven, best known as the home of the world-renowned Ivy League university, Yale University, has taken the ninth spot as the most sought-after real estate in the United States.
The area also has top-ranked public schools and plenty of green space, making it perfect for young families.
New Haven properties stay on the market for an average of 26 days before being purchased.
Worcester
This three-bedroom home in the Worcester area is on the market for $599,900
The Worcester area, which is part of Massachusetts, was ranked 12th among the most desirable housing markets last month.
Villages and towns in the Connecticut region include leafy Woodstock, Plainfield, Eastford and Brooklyn.
The median home price in the area is $550,000.
Bridgeport, Stamford, Norwalk
A four-bedroom, five-bathroom home in Stamford is for sale for just over $1 million
Close behind in 13th place are the Connecticut cities of Bridgeport, Stamford and Norwalk.
Bridgeport is the state’s most populous city, with a population of about 150,000. Just 60 miles from Manhattan, this port city is popular with commuters.
Stamford is known as a business hub and is home to five Fortune 500 companies.
Located just off the coast, the city of Norwalk is beloved by residents for its oceanarium, fun shops and restaurants, and well-preserved Gilded Age mansions.
The area is pricey, with the average price of properties on the market being $960,000.
Norwich and New London
New London is home to a diverse community and offers a rich arts and music scene.
Coming in at number five for Connecticut’s hottest real estate market is Norwich and New London, which was ranked 19th among the hottest markets in the U.S. last month.
Bordering the natural beauty of Lake Gardner, Norwich offers harbor views, gorgeous green spaces like Mohegan Park, and attractions like Slater Memorial Museum.
New London is home to a diverse community of approximately 27,000 people and offers a rich arts and music scene, as well as fine dining and accessible outdoor spaces at nearby Ocean Beach.
Homes in this area take an average of 30 days to find a buyer.
