Prospect CT Real Estate Sales Report for November 2011
Currently in Prospect CT there are 72 active residential listings for sale, with 13 new listings being added in November. The homes for sale in Prospect CT range from an 840 square ft, 2-bedroom mobile home, listed at $20,000 to a 5,000 square ft, 5-bedroom colonial listed at $775,000. The average list price of the homes currently available for sale in Prospect CT is $355.500. The average days on market for these homes is 155 days.
There are currently 7 homes under contract in Prospect CT. The average list price for these homes is $300,500 with an average day on market of 186 days.
There were 4 homes sold in Prospect CT in November. They ranged from a 2,302 Sq ft 3-bedroom multi level home, which sold for $214,000 to a 1,675 sq ft 3 bedroom, REO ranch style home which sold for $81,000. Average days on market of 74. The closed properties had a Sales price to List price ratio of 94.5%.
There were 9 closings in Prospect for the month of November2010, with an average price of $268,211, with avg. days on market of 81 and a Sales price to List price ratio of 97%. This indicates that sales much higher with less days on market. Still a very strong buyer's market here in Prospect CT.
For the first 9 months of 2011, the market sales or absorption rate was 4.3 sales per month, with an average sales value of $240,098 and average days on market of 114. The current inventory of homes is equivalent to an 16+month inventory.
For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.
If you would like information on homes for sale in Prospect CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Prospect CT.
Prospect CT Real Estate Sales Report for November 2011
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