Middletown Market Report for Aug. and Sept. and First 3 Months

Middletown Market Report for Aug. and Sept. and 1^st 3 Quarters

Residential

Aug.1^st to Sept.30^th 2007                      Aug.1^st to Sept.30^th,2006

Active:  126
New Listings:  85
Deposits:  37
Closed:  66                                                  Closed:79
Avg.Sale Price:  $268,747                     Avg.Sale Price:  $259,719
Avg.Days on Market:  66                       Avg. Days on Market:  56

Comparing Aug. 1^st to Sept.30^th,2007 to the same time period in 2006 sales are down 14.5%,  prices were up 3.5%and homes stayed on the market an average of 10 days longer.  Overall things look fairly good except for the decrease in sales.

Jan.1^st,2007 - Sept.30^th,2007              Jan.1^st,2006 - Sept.30^th,2006

Closed:  308                                               Closed:  303
Avg.Sale Price:  $267,654                     Avg.Sale Price:  $271,602
Avg.Days on Market:  60                       Avg.Days on Market:  64
Avg.Price/Sq.Ft.:  $157                         Avg.Price/Sq.Ft.:  $164

Comparing the 1^st 3 quarters of 2007 to the same time period in 2006, sales are about the same, prices are down 1.5%, average days on the market are about the same and average price per sq.ft. is down 4.3%.Overall the Middletown market still looks fairly good and things are holding fairly steady.  This does not take into consideration the homes that have had several price reductions before thay sold.

Condominiums:

Aug.1^st to Sept.30^th,2007                    Aug.1^st to Sept.30^th, 2006

Active:  94  
New Listings:   40
Deposits:  14
Closed:  31                                                Closed:  48
Avg.Sale Price:  $154,398                    Avg.Sale Price:  $162,748
Avg.Days on Market:  38                      Avg. Days on Market:  38

For this time period, sales were down 35.4% and prices were down 5.1%.  We will have to wait to see if this trend continues.

Jan.1^st to Sept.30^th,2007                    Jan.1^st to Sept.30^th,2006

Closed:  188                                           Closed:  179       
Avg.Sale Price:  $160,470                 Avg.Sale Price:  $161,406
Avg.Days on Market:  48                   Avg.Days on Market:  37
Avg.Price/Sq.Ft:  $146                       Avg.Price/Sq.Ft:  $145

Overall the condo market seems fairly stable with no major changes in price or price per sq.ft..  Condos are staying on the market an average of 11 days longer and number of sales are down 4.8%