New Britain, CT

Real estate in New Britain, CT is a hot commodity. With a population of just over 100,000 people, the city has seen an influx of new residents in recent years. This has led to an increase in demand for housing and property.

There are a number of factors that have contributed to the city's real estate boom. First and foremost is the fact that New Britain is located within close proximity to Hartford and Stamford, two major metropolitan areas with high levels of employment and plenty of amenities. Additionally, New Britain is situated within easy reach of both the Massachusetts border and Interstate 95, which makes it an attractive destination for commuters.

The city's real estate market has been characterized by steady growth over the past few years. In 2017, there were 1,814 residential sales in New Britain – an increase of 7% from 2016 – marking the fifth consecutive year that sales have increased by at least 6%. The median sale price for homes in 2017 was $269,500 – up 10% from 2016 – demonstrating continued strong demand for properties in the city.

While there are a number of factors contributing to this trend, one key factor has been the availability of quality housing stock. In recent years, developers have been focusing on constructing high-quality homes that meet current standards while also offering appealing features such as large yards or convenient access to public transportation. As a result, many home buyers are happy with their purchase decisions even if they don't end up making any significant modifications or updates to their property."