THOMASTON CT-REAL ESTATE MARKET REPORT FOR JULY 2015
What does the real estate market look like in Thomaston CT? Real estate prices have returned to where they were last year in Thomaston, CT. Higher than normal sales continue to provide glimmers of home to potential sellers, even as pending days on market along with higher pending prices indicate that buyers are willing to wait in order to make offers on the homes that they see the value in.
There are currently 49 Thomaston CT homes for sale, with an average listing price of $238,445 and a median listing price of $225,000.
There are 12 pending sales (under contract), with an average asking price of $223,170, a median asking price of $213,950, and an average of 112 days on market before receiving an acceptable offer.
9 homes were sold in Thomaston CT in the month of July, with an average sale price of $155,333 a median sale price of $140,000, and an average of 45 days on market before accepting an offer. By comparison, in July 2014, 4 homes were sold in Thomaston CT, with an average sale price of $157,500, a median sale price of $175,500, and an average of 41 days on market before accepting an offer. This year's figures represent a 1% decrease in average sale prices, and a 9% increase in average days on market, from last year.
So, what does this all mean? Buyers will act rather quickly on homes that are in their price range in Thomaston CT. Higher prices typically result in a longer wait for sellers to receive acceptable offers. Sellers who want to put their home on the market should consult with a real estate agent who knows the local housing market, will properly price your home based on the current market, and will help you to prepare your home to woo buyers quickly by maximizing your home's curb appeal.
Prior Thomaston CT Real Estate - Market Updates can be accessed by clicking on the preceding link.
Are you looking to buy a home in Thomaston CT? Click on Thomaston CT homes for sale to search for homes in your price range.
For more details about the Thomaston 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 Thomaston CT homes for sale.