Litchfield County — May 2026 Market Pulse
May delivered a tale of two markets in Litchfield County: single-family homes showed remarkable stability with modest price gains amid slightly higher inventory, while townhouse/condo properties posted strong price appreciation alongside a notable rise in available supply.
Key Metrics Snapshot
- Single Family: Median sales price $467,500 (+0.5% MoM, -1.6% YTD); Average sales price $733,947 (+18.2% MoM)
- Single Family: Closed sales 148 (-0.7% MoM); Pending sales 177 (+8.6% MoM)
- Single Family: Days on Market 44 (+12.8% MoM); Inventory 556 (+1.6% MoM); Months Supply 3.8 (+5.6% MoM)
- Townhouse/Condo: Median sales price $288,500 (+27.3% MoM); Average sales price $323,509 (+32.2% MoM)
- Townhouse/Condo: Closed sales 37 (+5.7% MoM); Inventory 108 (+56.5% MoM); Months Supply 3.6 (+50.0% MoM)
- Townhouse/Condo: Days on Market jumped to 43 (+168.8% MoM)
- New listings held steady across both segments (down slightly MoM but up modestly YTD)
What Stood Out
- Single-family median prices remained virtually flat month-over-month while averaging a healthy lift, suggesting strong performance at the upper end of the market.
- Townhouse/condo values surged dramatically in May, with median prices up 27.3% and averages up over 32%, continuing a robust YTD trend of +23% median.
- Inventory is growing—modestly for single-family (+1.6%) but sharply for condos (+56.5%)—pushing months of supply higher in both categories.
- Buyer demand held firm with pending sales rising in both segments, yet single-family homes took longer to close while condo DOM more than doubled.
- Sellers continued receiving near or above list price (101.2% single-family, 98.8% condo), indicating competition remains but is becoming more selective.
- YTD closed sales are down slightly for single-family, signaling a market that is active but not accelerating in volume.
Why This Matters
For realtors and sellers, the data underscores the importance of realistic pricing. Single-family homes are selling steadily but with a bit more time on market, so overpricing risks losing momentum in a market with 3.8 months of supply. Condo sellers are enjoying strong price gains but must move quickly—the sharp inventory increase and longer DOM suggest buyers have more choices and are negotiating harder, as reflected in the dip below 99% of list price received.
Buyers and investors should watch the condo segment closely. The significant price appreciation may signal opportunity in attached housing, particularly if supply continues to grow and moderates future gains. Single-family properties remain the steadier play for those seeking long-term appreciation, though the slight YTD median decline reminds us that not every segment moves in lockstep. Overall, the market shows balanced supply signals with no immediate overheating, but participants should prepare for more negotiation as inventory builds heading into summer.
Bottom line: Steady single-family activity meets rising condo values and supply—price carefully and act decisively.
Data: SmartMLS / connectMLS — May 2026 report.