Cash offers and skipped inspections: CT realtors share how buyers are trying to stand out
Meredith Guinness
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A Godfrey Road home in Weston, Conn., listed for sale at the outset of the pandemic in 2020 and again heading into the spring of 2021, for just under $650,000.Alexander Soule /Hearst Connecticut Media /
Connecticut is experiencing one of the biggest seller’s markets in its history. And the unprecedented demand is pushing prices up and inventory down.
In 2020, the U.S. Postal Service reported more than 10,000 relocations to Connecticut from New York. Given the COVID-spurred urban exodus, some communities saw double and triple-digit increases in the number of home sales last year. Additionally, realtor.com predicts the Greenwich-Bridgeport corridor will see one of the half-dozen biggest increases in home prices in the nation in 2021.