Middlebury CT Real Estate Sales Report for March 2012
Currently in Middlebury CT there are 72 active residential listings for sale. They range from a 583 square ft, 1-bedroom lake front bungalow listed at $150,000 to a 4,100 square ft, 3-bedroom classic colonial estate listed at $2,200,000. The average list price of the homes currently available for sale in Middlebury CT is $527,009. The average days on market for these homes is 319 days. For the month of March, there were 12 new homes listed for sale in Middlebury CT.
In addition, there are currently 3 homes under contract in Middlebury CT.
In March, 7 homes closed in Middlebury CT. They ranged from a 824 square ft, 2-bedroom cape which sold for $159,900 to a 2,708 square ft, 3-bedroom cape which sold for $399,000. The average sales price for the homes that sold in Middlebury in March 2012 was $234,087, with an average days on market of 118 days. The closed properties had a Sales price to List price ratio of 99%.
By comparison, there were 4 closings in Middlebury for the month of March 2011, with an average price of price of $250,000 and average days on market of 177 days.
For the year 2011, the market sales or absorption rate was 5 sales per month, with an average sales value of $381,732 and average days on market of 135. The current inventory of homes is equivalent to a 15-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 Middlebury 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 Middlebury CT.