East Hartford CT Market Report ~ July 2011
The East Hartford CT real estate market was a busy one in July 2011. There were 25 closed sales with a median price of $160,000. This compared favorably to July 2010, which showed 22 closed sales and a median price of $149,000. So the number of sales is up and so is the median price.
Here is the breakdown by price range:
|Price Range||July 2011||July 2010|
It has also been fairly steady for the past four months. Here's how July compared to June, May, and April:
- July: 25 closed sales, median price $160,000
- June: 23 closed sales, median price $145,000
- May: 25 closed sales, median price $152,000
- April: 23 closed sales, median price $162,000
But perhaps the most exciting news is that there are 38 homes under contract and 44 homes under deposit for a total of 82 homes! With these numbers, East Hartford should continue its momentum over the next few months.
If you are looking for a house in East Hartford CT, there are currently 282 on the market with a median price of $155,500. With that many homes in affordable ranges, there is sure to be one that is perfect for you. Buyers have plenty of opportunities in East Hartford, CT.
If you are selling your home in East Hartford, CT, it may take a little longer to sell your home unless it is in top condition and priced very competitively. Under those circumstances, homes are moving quickly, but with so many homes on the market, buyers are being very choosy. The current absorption rate (how many months of inventory there is) is 14.56. If you are thinking about putting your home on the market, call me and I will be glad to offer suggestions for selling as quickly as possible.