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Is the housing market in New Milford CT improving?
Watching certain markets across the United States heat up you can't help but wonder what is happening to the housing market in New Milford, CT? We are on track to have the best month in number of sales for 2013 if things continue to go as they have so far. Of course I won't be able to tell until the end of the month and there are only a few more days for any closings to happen. Sales are still down however, we haven't broken 20 for a month since last year.
The success of the real estate market is tied to many other things, none less than the employment rates in the state, the proximity of jobs available to New Milford, confidence in the housing market, good rates and a lower housing inventory. Connecticut again posted a rate higher than the national unemployment averages which needs to come down in order for the real estate market to feel more positive effects.
The unemployment rate in Connecticut has been at 8.0 for the last three months, the national average for April posted at 7.5. When we hear that the market in our neighboring state of Massachusetts is really heating up you ... more

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