Hartford-West Hartford, CT

There are a number of real estate trends that are affecting the housing market in the Hartford-West Hartford, CT combined statistical area (CSA). One of the most notable trends is the increasing popularity of "walkable" communities. More and more people are looking for places to live that offer easy access to amenities and activities, without the need for a car. This is especially true of young professionals and empty-nesters who are downsizing from a larger home.

Another trend that is impacting the CSA housing market is the rise in rental prices. Due to strong demand, rents have been rising steadily for several years now. This has caused many people to reconsider buying a home, as it may be more cost-effective to rent. However, with interest rates still at historically low levels, there are many opportunities for those who do want to purchase a property.

Finally, another important trend to consider is the aging of the population. As baby boomers enter retirement age, they are increasingly downsizing and moving into smaller homes or apartments. This has created opportunities for first-time homebuyers and investors in the CSA housing market.