Connecticut continues to wend its way toward the recovery levels now enjoyed by the rest of the country. It's discouraging for sellers, in particular, to read about strong levels of demand in other places, while sales in Connecticut fell for the period from last year to this year. The news is not all bleak, however. The prices of properties sold has gone up in most towns, from 2012 to 2013. In some towns, sales have also increased, sometimes substantially so.
All indications are that Connecticut will continue to recover lost jobs and will see slow, but steady, increased demand for real estate over the next few years. While the pace of growth will be somewhat anemic, in the view of most experts, it's headed in a positive direction. And, arguably, slow growth is more sustainable.
Furthermore, the stark contrast between the fortunes of this state and others has emphasized the need for the State, and municipalities, to court economic development, improve infrastructure, and train workers for the jobs of tomorrow. All of these efforts will be required to make Connecticut competitive in upcoming years, and we should be glad about anything that makes that clear to State and local officials.
If at any point we lose heart, we should take comfort from the tale of the tortoise and the hare. Doesn't slow and steady win the race?
