Connecticut housing report · October 28, 2026
Rates ease to 7.32% as Wallingford’s fall market stays quick
The 30-year rate eased to 7.32% in Freddie Mac’s latest survey. In Wallingford, the typical single-family listing has been on the market about 10 days, so being ready matters as much as the rate.
Mortgage rates this week
Rates: Freddie Mac Primary Mortgage Market Survey, October 22, 2026. The payment example assumes 20% down on the spotlight town’s median sale price and excludes taxes and insurance.
What the rate move means
The average 30-year fixed rate eased to 7.32% from 7.40% the week before, according to Freddie Mac’s October 22 survey, and the 15-year slipped to 6.68% from 6.71%. On a typical Wallingford purchase with 20% down (a $308,000 loan on the $385,000 median), principal and interest comes to about $2,116 a month. That’s roughly $17 a month less than the week before, and about $231 a month more than a year ago, when the 30-year was near 6.19%.
A small move like this won’t make or break most budgets. The bigger lever is often the home itself: in a town where the typical sale price is under $400,000, the monthly number can still work for a lot of buyers who get their pre-approval refreshed at today’s rate.
Spotlight: Wallingford
Single-family homes in Wallingford sold for a median of $385,000 over the past year, or about $303 a square foot. There are 81 on the market right now, 29 of them new recently, and the typical listing has been up about 10 days.
The median asking price on current listings is $460,000, well above what homes have been closing for. Part of that is simply which homes happen to be listed this fall, but it’s a good reminder to judge value from recent closed sales rather than from other listings.
If you’re buying
With the typical Wallingford listing on the market only about ten days, it helps to see a new home in its first weekend and to have your pre-approval, must-haves and offer basics sorted out before you go.
If you’re selling
Buyers are out there and moving quickly on the right homes. Pricing from recent Wallingford sales, not from the highest asking prices nearby, is what gives your home the best chance to sell in those first couple of weeks.
See the full Wallingford guide
Where the market stands
| Town | Median single-family sale price | Homes for sale | Median days on market |
|---|---|---|---|
| Southington | $447,500 | 71 | 12 days |
| Cheshire | $490,000 | 68 | 19 days |
| Wallingford | $400,000 | 63 | 16 days |
| Meriden | $329,900 | 120 | 17 days |
| East Lyme | $500,000 | 72 | 47 days |
Town figures from RentCast public records and listing data, updated November 2, 2026. See all 23 town guides.
Your turn
When you picture your next move, what would you need to have ready to act on the right house within a week?
Reply on my LinkedIn post, or send me a note. If you’re wondering what these numbers mean for your home, ask for a Home Value Report.
Earlier reports
- Rates ease to 7.18% as Cheshire buyers take a closer look November 6, 2026
- Rates slip to 7.24% as Glastonbury homes keep moving October 30, 2026
- Rates tick back above 7% as fall listings arrive September 26, 2026