The housing market in Connecticut has seen significant changes in the past several years, much like other states throughout the nation. But what in particular has been happening with Connecticut housing prices? Where is it going up and where is it going down? Understanding the drivers behind these shifts is critical for sellers and buyers alike. Factors such as median household income, local economic health, lending practices, and back-end ratios also play significant roles in the housing market's volatility.

The median household income is a key factor to consider when examining Connecticut's housing market. The median household income in a town can greatly impact the typical home value. High-income towns like Darien, Greenwich, and Westport…

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