Homes for Sale in Newington
Real Estate Market Action Report for January, 2010
The data for the month of January 2010 as it relates to homes for sale in Newington is:
- Property Sales
- Market Time
- Selling Price vs. Original Listing Price
The number of homes that sold in Newington CT in January 2010 was 6. This was a decrease of 72.7% compared to 22 homes that sold the prior month. This was also a decrease of 60% from 15 in January 2009.
The number of homes available for sale in Newington has remained pretty consistent over the last several years. The total inventory of properties available as of January 2010 was 131 which is an increase of 17% from 112 in December, although up 4.8% from 125 homes for sale in Newington in January of 2009.
The term average Days on Market (DOM) shows how many days the average property is on the market before it sells. The DOM for Newington was 43 for January 2010. This is a 20.4% decrease from 54 days the prior month. This downward trend of DOM for homes for sale in Newington could indicate a seller's market. However, you would want to see a downward trend for several months before reaching that conclusion.
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 Newington is 94.5%.
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 Newington. 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 firstname.lastname@example.org, so I can further assist you in this important decision.