Homes for Sale in Somers
Real Estate Market Action Report for January, 2010
The data for the month of January 2010 as it relates to homes for sale in Somers is:
- Property Sales
- Inventory
- Market Time
- Selling Price vs. Original Listing Price
Property Sales
The number of homes that sold in Somers CT in January 2010 was 5. This was a decrease of 50% compared to 10 homes that sold the prior month. However, this was an increase of 66.7% from 3 in January 2009.
Inventory
The number of homes available for sale in Somers has remained pretty consistent over the last several years. The total inventory of properties available as of January 2010 was 59 which is an increase of 1.7% from 58 in December, although up 20.4% from 49 homes for sale in Somers in January of 2009.
Market Time
The term average Days on Market (DOM) shows how many days the average property is on the market before it sells. The DOM for Somers was 104 for January 2010. This is a 13% increase from 92 days the prior month. This upward trend of DOM for homes for sale in Somers indicates a buyer's market.
Selling Price vs. Original Listing Price
The selling price versus the original listing price reveals the average amount that sellers are willing to come down from their original listing price. In January, the current ratio for homes for sale in Somers is 93.9%.
In this ever fluctuating real estate market, it's good to know what the current trends are when looking for your new home for sale in Somers. Each month, I will give you the all the information you need to understand this. As always, if you need further answers or clarification please do not hesitate to give me a call at (860) 798-3272 or send an email to burkecthomes@gmail.com, so I can further assist you in this important decision.
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