Plymouth CT-Real Estate Market Report for May 2015

Plymouth CT-Real Estate Market Report for May 2015

What does the real estate market look like in Plymouth, CT? There hasn't been much of a change in the Plymouth CT real estate market. The usual amount of activity is taking place at this time of the year - buyers are moving on homes that fit their budget in a little over 2 months time, typical for the spring selling season heading into the summer months.

There are 87 single family Plymouth CT homes for sale, with an average listing price of $185,238 and a median listing price of $160,000.

There are 27 pending sales (under contract), with an average asking price of $187,689, a median asking price of $179,900, and an average of 64 days on market before receiving an acceptable offer.

You can get a better sense of what the real estate market for Plymouth CT looks like by viewing the information by zip code:

5 homes were sold in Plymouth CT in the month of May, with an average sale price of $143,000, a median sale price of $145,000, and an average of 114 days on market before accepting an offer. By comparison, in May 2014, 5 homes were sold in Plymouth CT, with an average sale price of $157,201, a median sale price of $175,000, and an average of 130 days on market before accepting an offer.

So, what does all of this mean? The fact that it has taken less than half a month's difference in time between last year and this year for sellers to accept offers on homes that on average are much cheaper than what they were last year says that buyers hadn't found the value in the homes that were on the market some months ago. Going forward, however, is a different story. Sellers are doing something right, and buyers are seeing it, thus the fact that there are 27 pending sales at higher average prices and in less time than both this month's and last year's sales. If sellers want to keep seeing higher priced homes go in less time, they must continue to convince buyers of the value of their homes by doing everything they can to present their homes in the best possible light.

Go to Plymouth CT Real Estate - Market Update for prior Plymouth CT market reports.

Looking to relocate to Plymouth CT? Visit Looking For A Reason to Move-Destination: Plymouth CT.

Are you looking for a home in Plymouth CT? Click on Plymouth CThomes for sale to find homes for sale in your price range.

For more 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.