Ed's Chesprocott Region Blog: November 2015 Real Estate Sales Report for Southington CT

November 2015 Real Estate Sales Report for Southington CT

Market Statistics for Southington CT November 2015

 

 November 2015 Real Estate Sales Report for Southington CT

 

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Currently in Southington CT there are 239 active residential listings for sale, with 31 new listings being added in November. The homes for sale in Southington CT range from a 696 square ft, 2-bedroom mobile home listed at $29,000 to a 8,049 square ft, 4-bedroom, colonial estate listed at $3,999,900.

 

The average list price of the homes currently available for sale in Southington CT is $342,318. The average days on market for these homes are 119 days. In addition, there are currently 31 homes under contract in Southington CT, with 8 having gone under contract in November.

 

 November 2015 Real Estate Sales Report for Southington CT

In November 2015, 36 homes closed in Southington CT. They ranged from a 1,556 square ft, 4-bedroom cape, which sold for $151,398 to a 4,570 square ft, 4-bedroom, new construction colonial which sold for $726,000. The average price for the homes that closed in November in Southington CT was $322,316 with an average days on market of 55 days.  The closed properties had a Sales price to List price ratio of 97.5%.

 

By comparison, there were 25 closings in Southington CT for the month of November 2014, with an average sales price of $284,611 and avg. days on market of 78. This indicates that for November of 2015, there were 11 less more homes sold as in November 2014, and at an average price 12% greater than the same period in 2014 with less time on market.

 

For the year 2014, the market sales or absorption rate was 37 sales per month, with an average sales value of $295,968 and average days on market of 75.

For the first quarter of 2015, the market sales or absorption rate for Southington CT was 23 sales per month, with an average sales value of $265,140 and average days on market of 79. This rate with the current inventory would be a 10+ month absorption rate. The current market is still considered a buyer’s market.

 

For the second quarter of 2015, the market sales or absorption rate for Southington CT was 41 sales per month, with an average sales value of $298,030 and average days on market of 71. 

 

For the third quarter of 2015, the market sales or absorption rate for Southington CT was 44 sales per month, with an average sales value of $305,833 and average days on market of 56. This rate with the current inventory would be a 5.5+ month absorption rate. The current market would be considered trending to a seller's market

 

 Southington CT Nov 2015 Market trends

 

 

The graph demonstrates the average monthly sales value in Southington CT for the previous 12 month period with strong fluctuations from month to month for the first half of the year and stability for the second half. The values in Southington CT appear to have stabilized and the market is 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.

 

Southington CT Homes for sale

 

November 2015 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,  www.edwardsilva.com  203-206-0754

Comment balloon 3 commentsEd Silva • December 24 2015 05:38AM

Comments

Good morning, Ed Silva wishing you and your family a Merry Christmas....I hope Santa's good to you!!!

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) over 1 year ago

Ed Silva 

Nicely done and thorough market report for Southington on this Christmas Eve. Wishing you a very Merry Christmas and Happy New Year 2016.

Jeff

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) over 1 year ago

Ed these are very encouraging figures to look at on Christmas Eve.  Hope they are a sign of what is to come in 2016.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 1 year ago

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