Southbury CT 2011 Real Estate Market Report

Southbury CT 2011 Real Estate Market Report

In 2011, 124 homes were sold in Southbury CT, with an average sale price of $403,485 and an average of 117 days on market. The homes that sold ranged from a 760 sq. ft. 1 bedroom ranch that sold for $47,500, to a 4700 sq. ft. 4 bedroom colonial that sold for $760,000.

The absorption rate for Southbury CT homes sold is at 10.33 homes sold per month. At that rate, with the number of homes currently on the market in Southbury CT, there is a 12 month supply of homes available for sale.

2011 was a good year for the majority of buyers in Southbury CT, as average sales prices dropped below the averages for both last year and the year before. Average days on market, and sales price/list price ratios have remained fairly constant, so sellers are being realistic about pricing their homes when they list. The message for sellers in Southbury CT that this data presents is that you can still get your home sold, under the right conditions.

For further information about the Southbury CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Southbury CT homes for sale.

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.