CT Real Estate Glossary

Definitions of Connecticut real estate terms from 8-30g to mill rates.

Earnest Money Deposit

A good-faith deposit submitted with an offer, held in escrow until closing. Amounts vary by price point and market competitiveness in Connecticut.

Example: Buyers in competitive Fairfield County markets may offer $25,000+ in earnest money.

Disclaimer: These tools provide estimates for informational purposes only. They are not legal, tax, financial, or real estate advice. Confirm all figures with your town assessor, attorney, lender, or tax professional before making decisions. Rate data is synced from Connecticut Open Data (last sync May 30, 2026).