What’s Happening in The Prospect CT Real Estate Market Prospect 2017?
Currently in Prospect CT there are 30 active residential listings for sale, with 4 new listings being added in April. The active homes for sale in Prospect CT range from a 768 square ft, 2-bedroom ranch, listed at $109,900 to a 3,121 square ft, 4-bedroom colonial listed at $550,000.
The average list price of the homes currently available for sale in Prospect CT is $304,447. The average days on market for these homes are 157 days. In addition to these active listings, there are 17 homes under pending status and 4 homes under hard deposit in Prospect CT.
In April 2017, 7 homes closed in Prospect CT. The homes that sold in Prospect CT ranged from a 2,158 square ft, 3-bedroom hi-ranch, which sold for $297,000 to a 2,736 square ft, 4-bedroom colonial which sold for $422,000. The average value of the sold homes in Prospect CT in April 2017 was $297,857 with average days on market of 175 days.
By comparison, there were 7 closings in Prospect CT for the month of April 2016 with an average sales price of $148,857 and average days on market of 88. This would demonstrate that for Prospect CT in April of 2017, the market sales were similar as the same period of 2016 and with an average sales value almost double than for same period the previous year.
For the year 2016, the market sales or absorption rate was 7 sales per month, with an average sales value of $236,822 and average days on market of 85.
For the first quarter of 2017, the market sales or absorption rate for Prospect CT was 4 sales per month, with an average sales value of $218,675 and average days on market of 87.
The graph demonstrates the average monthly sales value in Prospect CT with strong fluctuations from month to month. The values in Prospect CT have demonstrated an inconsistent variation of prices showing a trend to higher value over the first quarter of 2017.
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.
Prospect CT April 2017 Real Estate Market Trends
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