Real Estate Hotline                                   January 2026

by Greg Frey                                               RE/MAX Prime Realty

 

CURRENT REAL ESTATE MARKET

Residential real estate values in the Hartford area continued to rise in 2025.  The total average value per square foot of all single-family homes sold from January 1, 2025, to December 31, 2025, in Avon, Canton, Simsbury, Farmington, and Granby was $274 - up 9.2% in value from the prior year.  The total number of sales increased over the prior year for the first time since 2020.  In the same towns the total number of single-family homes sold was 878 – up by 57 homes or 6.94% from the prior year.  Looking back a few more years at home values shows the average single family home value in the same towns is up 58.1% from it’s value on January 1 of 2020.  As an example the average home worth $400,000 in January of 2020 should be worth around $630,000 today. 

The lower than normal number of sales probably will continue for some time.  Many current homeowners are still reluctant to move since many now have mortgages on their existing homes with rates that are below the current mortgage rates.   The low inventory of homes for sale continues to fuel bidding wars and many homes are still selling over asking price.  As of today, February 6, 2026, there are only 49 homes (38 single family homes and 11 condominiums) available for sale to purchase combined for the towns of Avon, Canton, Simsbury, Farmington, and Granby – still far below the number available in a normal market.  The average sale price of all homes sales in 2025 in the same towns was 105% of asking price for single family homes and 102% of asking price for condominiums. 

I expect that real estate values will continue to rise in 2026. There are more buyers available than there are properties available.  While mortgage rates around 6% are high compared to a few years ago, they are historically a little below average.  There is no sign that buyer demand will be coming down anytime soon.  It still is a good time to be a seller and a hard time to be a buyer.  If the total number of sales and inventory continues to rise in the coming year as it did in 2025 it may lead to a more balanced market for buyers.

Advice to sellers today remains the same.  Sell if and when you need or want to sell.  There’s no need to wait for spring or to list before school starts - buyers are aplenty.  Advice to buyers today would be - why wait, buy now.

THE CURRENT MORTGAGE MARKET

On Feb. 6, 2026, thirty-year, FIXED-RATE mortgages for up to $806,500 are available currently as low as 6% with 0 points and the fifteen-year rate is at 5.625%. Many home loan options are readily available to buyers today.  First time buyers can obtain favorable loan terms. 

THANK YOU to my clients and friends for your referrals and support making 2025 one of my busiest years ever!  Below are my closed sales over the past 12 months: 
                   
                    52 Weatherstone, Avon                                  $1,385,500

                        5 Queen’s Peak, Canton                                 $795,000

                        113 Tunxis Village, Farmington                    $380,000

                        277 New Britain Ave, Unionville                   $274,900

                        8 Town Bridge Rd, Canton                             $463,560

                        125 Old Farms Rd, Avon                                $654,550

                        302 Bushy Hill Rd, Simsbury                         $700,000

                        4 Sable Court, Farmington                            $205,578

                        6 Mill Pond Ln, Simsbury                              $655,000

                        572 Huckleberry Hill Rd, Avon                     $686,000

                        106 Englewood Ave, West Hartford           $312,000

                        40 Woodland St, Simsbury                          $350,000

                        78 Deepwood Dr, Avon                                 $479,000

                        110 Old Canal Way, Simsbury                     $510,000

                        5 Hale Ct, Plainville                                       $295,000

                        33 Cold Spring Rd, Avon                              $750,000

                        151 Kingswood Dr, Avon                               $996,500

                        8 Conifer Ln, Avon                                         $437,500

                        552 Hopmeadow St, Simsbury                    $370,000

                        69 Edgemere Ave, West Hartford                $266,000

                        54 Center St, Hartland                                   $209,000

                        36 Carriage Dr, Avon                                      $535,000

                        111 South Main St, Plymouth                       $415,000

                        178 Scott Dr, South Windsor                        $525,000

                        7 Griffin St, Simsbury                                     $569,000

                        20 Bolleswood Ln, Avon                                $510,000

For information on my listings or any in the Multiple Listing Service (MLS), please call, text, or email me.  I can easily set up an MLS Portal so that you will automatically receive MLS information via email on any properties in which you may be interested.  Your MLS Portal also updates real time with the MLS data agents see and includes coming soon listings well ahead of most websites.

If you or anyone you know is planning to buy or sell real estate, please call, text or email me at any time.  Thank you! 860-716-2593 [email protected]