Wallingford CT Market Update for December 2012 | |||||||||||||||
As we predicted last month, Wallingford home sales posted a slight gain of6%over November, good news for the local market. Sales were down 8% fromDecember 2011, but up 6% from December of 2010. The average selling price forcondos lost the 6% gain it had in November, falling back to to just over$193,000, while the average sale price for single family homes was up by about2% to just over $353,000. Thirty year conventional mortgage rates have prettymuch stabilized at around recently risen to 3.375%, a change that was too muchof a surprise, while CHFA rates for first time home buyers again remainedunchanged at 2.75 percent. Inventory levels dropped another 6% from November and that, coupled with theincreased sales totals were enough to drop Wallingford into a normalsellers market for the first time all year, with about 5.6 months of inventorynow available. Sales in 2012 were down 7% from 2011, most likely due ... Click to see the full report |
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Below are highlight properties for Wallingford CT Market Snapshot for December 2012. See more at the full report: | |||||||||||||||
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See the Full Wallingford CT Market Snapshot for December 2012 | |||||||||||||||
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Information valid as of January 8, 2013. Please contact us for the most current information and status of these properties. |
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire
Good information for your local folks. I wish you the best on feedback for this one!
Jan 08, 2013 11:02 AM
Harriman Real Estate, LLC (203) 672-4499 - Wallingford, CT
Broker/Owners, Wallingford CT Real Estate
Thanks Ron! It's a new format from Listings to Leads, so we're hoping it gets good engagement!
Jan 08, 2013 12:16 PM
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate
Great market report for Wallingford CT! We saw a return to a more stable market as well towards the end of 2012. Thank goodness for that!
Jan 08, 2013 10:01 PM
Harriman Real Estate, LLC (203) 672-4499 - Wallingford, CT
Broker/Owners, Wallingford CT Real Estate
Thanks Leesa! We think 2013 is going to be a great year for real estate here!
Jan 08, 2013 10:37 PM
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