Ed's Chesprocott Region Blog: February 2017 Real Estate Sales Report for Southington CT

February 2017 Real Estate Sales Report for Southington CT

Market Statistics for Southington CT February 2017 

 February 2017 Real Estate Sales Report for Southington CT

 

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Currently in Southington CT there are 186 active residential listings for sale, with 21 new listings being added in February. The homes for sale in Southington CT range from a 840 square ft, 2-bedroom mobile home listed at $29,900 to a 5,076 square ft, 4-bedroom, colonial listed at $799,999.

 

The average list price of the homes currently available for sale in Southington CT is $331,981. The average days on market for these homes are 139 days. In addition, there are currently 43 homes under contract in Southington CT, with 18 having gone under contract in February. 

 February 2017 Real Estate Sales Report for Southington CT

In February 2017, 19 homes closed in Southington CT. They ranged from a 672 square ft, 2-bedroom ranch, which sold for $97,750 to a 2,176 square ft, 4-bedroom colonial which sold for $430,000. The average price for the homes that closed in February in Southington CT was $251,616 with an average days on market of 65 days. 

 

By comparison, there were 25 closings in Southington CT for the month of February 2016, with an average sales price of $265,497 and avg. days on market of 52. This shows that the number of homes sold as 6 less over the same period, and at an average price 13% less than the same period in 2016 and with slightly longer time on market.

 

For the year 2016, the market sales or absorption rate was 41 sales per month, with an average sales value of $289,036 and average days on market of 64. This rate with the current inventory would be a 5+ month absorption rate. The current market is considered a seller’s market, which means a buyer needs to be well prepared before making an offer on a home.

 

 February 2017 Real Estate Sales Report for Southington CT

 

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 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.

 

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February 2017 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 • March 18 2017 08:24PM

Comments

Ed my friend I keep hoping the Real Estate Market will turn around here in CT, but I am still waiting.  Can you look into your crystal ball and let me know when we will see an improvement???

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) 5 months ago

Hi Ed

You've shared an informative update on the Southington housing market that will help buyers and sellers understand the current market conditions. With all this information and your local knowledge you are well poised to provide the guidance and expertise that buyers and sellers need in your area.

Enjoy the rest of your weekend!

Jeff

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) 5 months ago

Thank you very much for providing excellent information on your local market today

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (Real Estate and Beyond, LLC) 5 months ago

Hi Ed excellent reporting on market conditions in Southington CT.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) 5 months ago

Participate