A recent article in CT Insider highlighted the spike in Connecticut’s housing market that our state and specifically Fairfield County is seeing in the midst of a global pandemic.
Our state has truly never fully recovered from the hit it took over the last decade during the Great Recession. Investment and interest in walkable hip neighborhoods in cosmopolitan cities was the way of the future, and Connecticut’s communities couldn’t compete. Now, we have an opportunity to bring professionals back, add new residents to our state, and rebuild our economy. Innovation and development will help to continue to bring and keep young families within our community.
“The limited demand has prices continuing to escalate for attractive options, the result of both buyers bidding up the prices of available properties and wealthy New Yorkers continuing to pick and choose among the poshest spreads. Using the universal measure of price-per-square-foot across all houses, William Pitt Sotheby’s International Realty calculated an 18 percent increase in what Fairfield County sales fetched in January.”
For years, we have heard that Connecticut is an aging state, that young people are fleeing at alarming rates. However, due to the pandemic we are now hearing what has pushed a younger generation out of the state is drawing them back in; quiet neighborhoods, smaller city populations, and a less frantic lifestyle. As employers continue to rethink their office spaces and more and more families remain working remotely let’s ensure that our policymakers are doing everything possible to keep these home offices and our new neighbors in Connecticut.