Plymouth CT 2013 Real Estate Market Report

Plymouth CT 2013 Real Estate Market Report

In 2013, 113 homes were sold in Plymouth CT, with an average sale price of $163,362 and an average of 81 days on market. The homes that sold ranged from a 700 sq. ft. 2 bedroom mobile home that sold for $20,000, to a 3564 sq. ft.3 bedroom cape that sold for $485,000.

The absorption rate for Plymouth CT in 2013 was 9.42 homes sold per month. With an average of 110 homes on the market at any given time in Plymouth CT, there are 12 months of inventory remaining.

2013 was a somewhat good year for the majority of sellers in Plymouth CT compared to last year, with a meager 1.5% increase in average sales prices from last year’s sales prices. The volume of home sales has continued to increase over the last three years, and average sales price/list price ratios continue to remain over 90% and days of market for homes sold are at the 3 month average. Given these conditions, the best advice for Plymouth CT home sellers is this: price your homes at market values based on its condition, and you can indeed sell your home quickly for a price that is acceptable to you.

For further information about the Plymouth 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 Plymouth CT homes for sale.

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.