New Yorkers Snapping Up Connecticut Properties
The coronavirus pandemic has jumpstarted a part of Connecticut's sluggish real estate market.
Hearst Connecticut Media reports realtors from Greenwich to Fairfield and north to Danbury are seeing buyers who want to escape from New York City. Many buyers are paying asking prices for single family homes.
The activity so far has been concentrated in the upper-income properties.
Real estate agents expect to see a trickle down to starter homes and vacation homes along the coast in eastern Connecticut.
Connecticut has deemed the real estate industry an “essential” business during the pandemic. Appraisals, inspections, listings and open houses continue with proper social distancing measures.
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