What's My Middlebury CT Home Worth February 2016
Currently in Middlebury CT there are 102 active residential listings for sale, with 17 new listings being added in February. The homes for sale in Middlebury CT range from a 1,116 square ft, 2-bedroom ranch listed at $116,900 to a 6,402 square ft, 4-bedroom contemporary, listed at $4,925,000.
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The average list price of the homes currently available for sale in Middlebury CT is $534,608. The average days on market for these homes are 138 days. In addition, there are currently 8 homes under contract in Middlebury CT.
In February 2016, 1 home closed in Middlebury CT. It was a 2,399 square ft, 4-bedroom colonial which sold for $690,000 with days on market of 102.
By comparison, there was also 1 closing in Middlebury CT for the month of February 2015, with a sales price of $275,000 and days on market of 27. As there was just the 1 sale in February for both 2015 and 2016 it doesn't demonstrate much as both homes were significantly different from each other.
For the year 2015, the market sales or absorption rate was 7 sales per month, with an average sales value of $300,243 and average days on market of 112. This rate with the current 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 with the exception of the single sold home in Feb 2016. 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 February 2016
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