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

December 2015 Real Estate Sales Report for Southington CT

Market Statistics for Southington CT December 2015 

 

 December 2015 Real Estate Sales Report for Southington CT

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Currently in Southington CT there are 215 active residential listings for sale, with 34 new listings being added in December. 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 $347,488. The average days on market for these homes are 118 days. In addition, there are currently 33 homes under contract in Southington CT, with 10 having gone under contract in December. 

 

December 2015 Real Estate Sales Report for Southington CT

In December 2015, 40 homes closed in Southington CT. They ranged from a 1,199 square ft, 1-bedroom bungalow, which sold for $110,000 to a 2,928 square ft, 4-bedroom, colonial which sold for $540,000. The average price for the homes that closed in December in Southington CT was $286,233 with an average days on market of 70 days.  The closed properties had a Sales price to List price ratio of 98%.

 

By comparison, there were 40 closings in Southington CT for the month of December 2014, with an average sales price of $276,525 and avg. days on market of 64. This indicates that for December of 2015, there were the same number of homes sold as in December 2014, and at an average price 4% greater than the same period in 2014 with similar 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.

 

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. 

 

For the fourth quarter of 2015, the market sales or absorption rate for Southington CT was 38 sales per month, with an average sales value of $297,015 and average days on market of 59. This rate with the current inventory would be a 5.7+ month absorption rate. The current market would be considered trending to a seller's market

 

Southington CT Market Trends Dec 2015  

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.

 

  

December 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 4 commentsEd Silva • January 19 2016 07:04PM

Comments

The graphs really add a lot to these reports, well done.

Posted by David Alan Baker Laveen & South Phoenix Realtor, Your local Expert (Keller Williams Realty Phoenix) almost 3 years ago

Good morning Ed. From $30,000 to 4 million is a wide price range properties available. Nice job with your report.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) almost 3 years ago

Hi Ed.  Ten month's inventory is tough but a 4% rise is going the right way.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) almost 3 years ago

Ed, Great Market Report. Thanks for the information on the local community sales!

Posted by Bob Baesmann, DFW Team Realty | 972-978-8800 ( DFW Team Realty) over 2 years ago

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