How many homes sold in September 2012 in New Milford, CT? The real estate market is very, very fragile in New Milford, CT. Despite any news that came out nationally saying things are better, the numbers here don't lie. We had less home sales for September in New Milford, we are looking at a growing number of expired listings, a growing days on market for homes that sold.
Cut to the chase, what does it mean? I have said over and over again, the housing market in New Milford, CT is extremely fragile. I had hopes that we were stabilizing, but after pulling the numbers and seeing that buyers are a bit on the scarce side right now, I see that we took a backwards slide for September.
- For buyers, an enticing interest rate, combined with the fact home owners can be tired of waiting to sell might just give you the advantage you need.
- For those thinking of selling, you had better be priced ahead of your competition if you want to sell your home. Think like a buyer, why would they want your house over all the others they can have?
Quick facts about the real estate market in New Milford, CT. The good, the bad and the very ugly!
- The average sale price rose from August to September by $2,711
- We sold less homes in September than the previous 5 months (only 16 last month as opposed to 23 in August and July)
- The absorption rate (the number of months it will take to sell the current inventory if no more homes come on the market) is higher than the previous 5 months, standing at 11 months right now.
- The number of expired listings is higher than it has been since December of 2011
- The days it took to sell a home are way up, 277 day average from start to finish for the 16 homes that did sell in September.
- A larger number of homes expired in September without selling
Take a look at these charts, they certainly show that the real estate market is fickle, to say the least. As I said, forget those national numbers, real estate is hyper local. If you want to know how the real estate market is doing in New Milford, CT, get your numbers locally.
September 2012, Average Sales Price was $296,181. Average ORIGINAL list price to sales price was 91.30%. 
Give us a call at 860.946.0686 if you are thinking of selling. Our marketing program is designed to propel your house to the top of the internet searches. Combine that with a realistic sales price and you stand a far better chance of selling your home than not.
Thinking of buying? We would be happy to help! Give us a call at 860.946.0686. You can start your search for a home in New Milford, CT right here.
Statistical information from Greater Fairfield County GFC-CMLS. Information deemed reliable but not necessarily accurate.
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