MIDDLEBURY CT-REAL ESTATE MARKET REPORT FOR JANUARY 2012
Middlebury CT-Real Estate Market Report For January 2012 The real estate market in Middlebury is holding steady, with the volume of January sales remaining stable and an increase in average sales prices of 10% in Middlebury CT compared to last month. Compared to last year, however, Middlebury CT sales prices were still lower, so continue to keep an eye on the Middlebury CT market to see where the trend is headed.
There are 58 Middlebury CT homes for sale, with an average listing price of $525,704, and 368 days on market, ranging from a 1541 sq. ft. 2 bedroom cape being offered for $149,900 to a 4100 sq. ft. 3 bedroom colonial being offered for $2.2 million.
Here is a breakdown of the home prices in Middlebury CT:
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4 homes were sold in Middlebury CTin the month of January, with an average sale price of $364,375 and an average of 196 days on market, ranging from a 900 sq. ft.,2 bedroom ranch that sold for $182,500 to a 3876 sq. ft., 4 bedroom colonial that sold for $520,000. By comparison, in January 2011, 5 homes were sold with an average sale price of $430,480 and an average of 106 days on market.
The Middlebury CT real estate marketis still in a buyer’s market with 12 months of inventory at an absorption rate of 4.83 homes being sold each month over the last 6 months with 58 homes currently on the market. These are the four homes that sold in the Middlebury CT area in the month of January:
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For more information on Middlebury CT, you can read the following:
Middlebury CT Real Estate Market Updates
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For further information about the Middlebury 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 Middlebury CT homes for sale.
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