Henri Gourd 914-954-3897 henrigourd@bhhsne.com State of the Market New London County's single family home market is still strong. Inventory is increasing with the number of single family homes for sale up 9% from the beginning of the year. Even with 30 year fixed-rate mortgage rates hovering between the low 6% to low 7% range in 2024, homes are still selling quickly. The median number of days a single family home is on market is under 2 weeks and the median sales price is up 9% from the beginning of the year. If the Fed continues to tamp down inflation, we expect to see mortgage rates fall in 2025 thereby increasing the buyer's purchasing power. This is especially important for first-time home buyers who have not been able to enter the housing market. Real estate activity can vary between neighborhoods. If you are considering buying or selling, talk to your Realtor to better understand the dynamics in your specific market. B BERKSHIRE HATHAWAY HomeServices New England Properties Selling it all, from cottages to castles! Henri Gourd 914-954-3897 henrigourd@bhhsne.com State of the Market New London County's single family home market is still strong . Inventory is increasing with the number of single family homes for sale up 9 % from the beginning of the year . Even with 30 year fixed - rate mortgage rates hovering between the low 6 % to low 7 % range in 2024 , homes are still selling quickly . The median number of days a single family home is on market is under 2 weeks and the median sales price is up 9 % from the beginning of the year . If the Fed continues to tamp down inflation , we expect to see mortgage rates fall in 2025 thereby increasing the buyer's purchasing power . This is especially important for first - time home buyers who have not been able to enter the housing market . Real estate activity can vary between neighborhoods . If you are considering buying or selling , talk to your Realtor to better understand the dynamics in your specific market . B BERKSHIRE HATHAWAY HomeServices New England Properties Selling it all , from cottages to castles !