2024 YEAR IN REVIEW
In January 2025, the real estate markets served by William Pitt and Julia B. Fee Sotheby’s International Realty across Connecticut, New York, and Massachusetts experienced an increase in sales compared to the same month in the previous year.the same month in the previous year. Growth was observed in both the number of closed transactions and total dollar volume across nearly all regions where the company operates.
The number of new listings entering the market also saw notable gains in January compared to a year ago, with only a few exceptions. However, overall active inventory remains lower than it was at this time last year in most areas.
These trends indicate the continuation of a recovery that began about a year ago, following several quarters of declining sales and inventory. Throughout 2024, closed dollar volume steadily improved each quarter compared to the corresponding periods in 2023. By the final quarter of the year, unit sales were also on the rise versus the fourth quarter of 2023. As of January, closed transactions are either outpacing or holding steady with last year’s levels across all markets.
These results align with the projections outlined in our 2024 year-end market report, which offers an in-depth analysis of market trends and forecasts. The full report is available to read online here.
Detailed charts accompany this report, offering a comprehensive comparison of January 2025 data to the same period in 2024, with insights drawn from multiple MLS sources.
I hope you find this information helpful. As we are enter into this new year, should you like to discuss your wants and needs or have any questions as it pertains to real estate, feel free to contact me. I am here and happy to help!
Laura
The Key To Your Real Estate Success
Helping buyers & sellers achieve their real estate goals.