Manchester CT Market Report ~ June 2011
As expected, the Manchester CT housing market showed vibrant results for June. With the real estate conveyance tax set to increase on 7/1/11, many sellers were eager to close by 6/30/11. There were 41 closed sales with a median price of $178,500.
The last few months have shown increasing gains in both number of closed sales and median prices. During May, there were 33 closed sales with a median price of $175,000 and in April there were 23 closed sales with a median price of $155,000.
Of course, this June couldn't top last June (the last month for the homebuyer tax credits), with last June showing 64 closed sales and a median price of $191,089, but we seem to be on an upward trend for this year. Here is the breakdown by price range for this June compared to last June:
| Price Range | June 2011 | June 2010 |
| Under $100,000 | 5 | 3 |
| $100,000-$149,999 | 5 | 9 |
| $149,999-$199,999 | 17 | 22 |
| $200,000-$249,999 | 3 | 14 |
| $250,000-$299,999 | 4 | 6 |
| $300,000-$349,999 | 4 | 4 |
| $350,000-$399,999 | 3 | 5 |
| Over $400,000 | - | 1 |
| Total | 41 | 64 |
We will have to see how July fares, but so far there are 2 closed sales, 29 houses under contract, and 45 houses under deposit. If you are looking for a home in Manchester CT, you have a great selection. Currently, there are 235 homes on the market, with a median price of $189,900. You can use the property search tool below to change your zip code, price range, and other criteria to see what is available. Please give me a call if you would like any help with your search.
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