Bill Parry Real Estate

06/10/2025

Home price cuts just hit a 9-year high, and more homes are hitting the market.

Home price cuts are rising
→ 19.1% of homes for sale in May had a price reduction, the highest share for this month since 2016.

More homes are coming onto the market
→ The number of homes for sale jumped 31.5% compared to last year.
→ More choices for buyers, but also more competition for sellers.

These are the top 3 cities with the most home price cuts in May:

1. Phoenix, AZ (31.3% of listings had price cuts)
Median list price: $525,000

2. Tampa, FL (~30% of listings had price cuts)
Median list price: $417,500

3. Denver, CO (29.4% of listings had price cuts)
Median list price: $600,000

According to Realtor.com senior economic research analyst Hannah Jones, all three of these metros have seen their inventory levels soar thanks to pandemic-era construction booms, but demand has since softened.

"As a result, more sellers are reducing their asking price in hopes of enticing buyers," says Jones.

Full report: https://rltor.cm/ty7r00

06/09/2025

Just Listed! This gorgeous custom raised ranch nestled in White Hills Shelton has been totally remodeled thru out and ready for its new caring owners. Offered at $639,900. Call me for info or a showing.

https://www.homes.com/property/2-round-hill-rd-shelton-ct/k12sce2pllts3/?l=hxrhkbqrxe478

05/22/2025

Always been a great place to call home.

Yankee Magazine has named the top 12 scenic spots in New England, including one in Milford.

05/01/2025

Anyone looking for a private office space in a professional office suites building on the Green in Downtown Milford? Features heat and hot water included in the rent. Call me for details, or a private showing: 203-627-3641

04/28/2025

https://patch.com/connecticut/milford/popular-brewery-sale-milford

Everything from the recipes for locally themed IPAs to the furniture is up for sale at what was once the city's first brewery.

03/11/2025

Presenting an exceptional opportunity to acquire a well-established, turnkey brewery business in Milford, CT. Milford Point Brewery, a thriving and well-known establishment, is now available for sale. For inquiries or further information, please contact me directly. Kindly respect the staff and direct all inquiries through me.

(203) 627-3641

[email protected]

02/18/2025

Looking for an office space for sale in Milford? I have a great commercial condominium unit for sale in the Downtown Milford Green area. 1150 sqft office currently being used as a dentist office. Would be a great spot for a small practice, whether it be a Dr's office, dentist, or any other professional office use. Gas heat, hot water, trash, and other amenities included in common fees. Join other professional uses such as attorneys, real estate, marketing and spa. Offered at $169,900, call Bill for more info, or a private showing today. 203-627-3641

11/12/2024

Positive feelings on the horizon for lower interest rates, inventory and sales:

National Association of Realtors (NAR) Chief Economist Lawrence Yun is projecting an 11% higher level of new home sales in 2025 and 8% higher level in 2026, with the median home price forecast to be 2% higher in both 2025 and 2026.   “Maybe the worst is coming to an end,” said Yun regarding the...

09/16/2024

https://www.listreports.com/share/shareables/social?sid=T1GDvWa55

Happy Monday! Changes are on the way! We have a FED meeting this Wednesday, and we are expecting an interest rate cut, sending us some much needed mortgage rate relief.

National news and local views for the week