Short sales make up 20% of the current market inventory in Plainville, CT. There are currently 126 homes on market in Plainville, CT with 25 of those homes listed as short sales.

However, short sales make up just 10% of Plainville’s sold inventory for the past 12 months. 171 homes have sold in Plainville in the past 12 months with 16 of those homes being short sales.

The preceding 12 month period shows a short sale ratio of just 6%, with 166 closed sales in Plainville and 10 of those as short sales.

We can safely conclude that short sales in Plainville, CT are very steadily increasing. As we are likely several years away from any significant recovery, we can expect this trend to continue.

What would all that mean to a homeowner considering a short sale in Plainville? It would mean you are definitely not alone as 1 in every 5 sellers in town is also attempting to short sell. Short sales are complicated transactions and require an agent with experience in the process. Increase your chances of a successful short sale by finding a qualified short sale professional.

GET ANSWERS TO FREQUENTLY ASKED QUESTIONS ABOUT CT SHORT SALES

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Minna Reid, Realtor
CG Real Estate - Southington CT
Voice or Text: 860.416.1255
 

Minna Reid  is a  CT Licensed Real Estate Broker Associate with CG Real Estate, specializing in short sales serving Central CT including, but not limited to; Avon, Berlin, Bristol, Cheshire, Cromwell, Farmington, Glastonbury, Hamden, Meriden, Middlefield, Middletown, Newington, New Britain, North Branford, North Haven, Plainville, Portland, Prospect, Rocky Hill, Southington, Wallingford, West Hartford, Wethersfield and Wolcott. 

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This post has been included in Connecticut Real Estate News Hartford County, CT Real Estate News Plainville, CT Real Estate News
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Minna Reid, CT REALTOR®, Short Sale Agent

Southington, CT

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CG Real Estate

Address: 1224 Mill St., Bldg B, East Berlin, CT, 06023

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