Connecticut housing report · November 6, 2026
Rates ease to 7.18% as Cheshire buyers take a closer look
The 30-year rate slipped to 7.18% in Freddie Mac’s latest survey, the third weekly decline in a row. In Cheshire, the typical single-family listing has been on the market about 19 days, a little longer than in some nearby towns.
Mortgage rates this week
Rates: Freddie Mac Primary Mortgage Market Survey, November 5, 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 7.18% from 7.24% the week before, according to Freddie Mac’s November 5 survey, and the 15-year dipped to 6.57% from 6.60%. On a typical Cheshire purchase with 20% down (a $392,000 loan on the $490,000 median), principal and interest comes to about $2,656 a month. That’s roughly $16 a month less than last week, and about $250 a month more than a year ago, when the 30-year was near 6.22%.
Three small dips in a row add up to a little breathing room, not a big shift. I’d keep the focus on what you can control: a pre-approval that reflects today’s rate, and a payment you’re comfortable with even if rates don’t move further.
Spotlight: Cheshire
Single-family homes in Cheshire sold for a median of $490,000 over the past year of recorded sales, or about $287 a square foot, across 59 sales. In the latest town data there were 68 single-family homes on the market, and the typical listing had been up about 19 days.
The median asking price on those listings was $575,000, well above the recent closing median. Part of that is the mix of homes listed this fall, but it’s a reminder that closed sales, not asking prices, are the better yardstick for what a home is likely to bring.
If you’re buying
With Cheshire listings sitting a bit longer than in some neighboring towns, you may have a little more time to compare homes. Use that time to look closely at recent sales of similar homes before you make an offer.
If you’re selling
Buyers in the fall are comparing carefully. Pricing from recent Cheshire closings and having the home ready on day one usually does more than a high list price with room to come down.
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 look at a home online, what makes you decide it’s worth seeing in person?
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 slip to 7.24% as Glastonbury homes keep moving October 30, 2026
- Rates ease to 7.32% as Wallingford’s fall market stays quick October 28, 2026
- Rates tick back above 7% as fall listings arrive September 26, 2026