What's My Middlebury CT Home Worth March 2015
Currently in Middlebury CT there are 84 active residential listings for sale, with 9 new listings being added in March. The homes for sale in Middlebury CT range from a 1,487 square ft, 2-bedroom cape listed at $160,000 to a 2,862 square ft, 4-bedroom, estate on 5 acres listed at $2,250,000.
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The average list price of the homes currently available for sale in Middlebury CT is $479,364. The average days on market for these homes are 156 days. In addition, there are currently 6 homes under contract in Middlebury CT.
In March 2015, 6 homes closed in Middlebury CT. They ranged from a 2,245 square ft, 4-bedroom colonial which sold for $225,000 to a 2,900 square ft, 5-bedroom, ranch which sold for $350,000. The closed homes had an average sales price of $295,083 and avg. days on market of 133
By comparison, there were 2 closings in Middlebury CT for the month of March 2014, with an average sales price of $602,500 and avg. days on market of 297. This is deceptive as the larger home that sold in Mar 2014 had a sales price of $950,000 and the smaller home closed for $255,000. This demonstrates that for March of 2015, the market in Middlebury was greater in units sold compared to March of the previous year.
For the year 2014, the market sales or absorption rate was 5 sales per month, with an average sales value of $307,914 and average days on market of 106.
For the year first quarter of 2014, the market sales or absorption rate for Middlebury CT was 3 sales per month, with an average sales value of $284,625 and average days on market of 128. This rate with the inventory would be a 12+ month absorption rate. The current market is still considered a buyer’s market.
The graph demonstrates the average monthly sales value in Middlebury CT for the previous 12 month period with inconsistent numbers from month to month. The values in Middlebury CT have not yet stabilized.
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.
Middlebury CT Real Estate Sales Report for March 2015
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