Ed's Chesprocott Region Blog: January 2019

Market Statistics for Southington CT December 2018

December 2018 Real Estate Sales Report for Southington CT

  

 Market Statistics for Southington CT December 2018

 

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Currently in Southington CT there are 153 active residential listings for sale, with 13 new listings being added in December. The homes for sale in Southington CT range from a 920 square ft, 3-bedroom mobile home listed at $78,000 to a 4,975 square ft, 4-bedroom, contemporary ranch listed at $850,000.

 

The average list price of the homes currently available for sale in Southington CT is $346,581. The average days on market for these homes are 142 days. In addition, there are currently 37 homes under contract in Southington CT, with 4 having gone under contract in December.

 

 Market Statistics for Southington CT December 2018

In December 2018, 33 homes closed in Southington CT. They ranged from a 720 square ft, 2-bedroom ranch, which sold for $116,900 to a 2,628 square ft, 4-bedroom new construction colonial which sold for $810,280. The average price for the homes that closed in December in Southington CT was $329,259 with an average days on market of 63 days.  The closed properties had a Sales price to List price ratio of 97%.

 

By comparison, there were 47 closings in Southington CT for the month of December 2017, with an average sales price of $320,587 and avg. days on market of 49. This indicates that for December of 2018, there were 14 less homes sold than in December 2017, at an average price $9,000 greater than the same period in 2017 with slightly longer time on market.

 

For the year 2017, the market sales or absorption rate was 40 sales per month, with an average sales value of $308,323 and average days on market of 52.

For the year 2018, the market sales or absorption rate was 37 sales per month, with an average sales value of $312,416 and average days on market of 50.

This rate with the current inventory would be a 4 month absorption rate. The current market is considered a strong seller’s market, which means a buyer needs to be well prepared before making an offer on a home.

 

Market Statistics for Southington CT December 2018 

 

The graph demonstrates the average monthly sales value in Southington CT for the previous 12 month period with modest if any gains from month to month for the first half of the year and stability for the second half. The values in Southington CT appear to be demonstrating a shift to greater values.

 

For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.

 

If you would like information on homes for sale in Southington CT please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Southington CT.

 

December 2018 Real Estate Sales Report for Southington CT

 

 

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Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,   203-206-0754

Comment balloon 2 commentsEd Silva • January 23 2019 05:39PM
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