April 2017 Real Estate Market Statistics for Watertown CT
Currently in Watertown CT there are 113 active residential listings for sale, with 22 new listings being added in April. The homes for sale in Watertown CT range from an 896 square ft, 3-bedroom ranch listed at $74,900 to an 8,500 square ft, 8-bedroom, colonial estate on 112 acres listed at $5,695,000.
The median list price of the homes currently available for sale in Watertown CT is $260,000. The average days on market for these homes are 113 days. In addition to these active listings, there are 35 homes under pending status and 22 homes under hard deposit in Watertown CT.
In April 2017, 12 homes closed in Watertown CT. They ranged from an 832 square ft, 2-bedroom ranch, which sold for $80,000 to a 4,563 square ft, 5-bedroom colonial which sold for $531,000. The average price for the homes that closed in April in Watertown CT was $219,425 with average days on market of 74 days.
By comparison, there were 17 closings in Watertown CT for the month of April 2016, with an average sales price of $208,479 and avg. days on market of 50.
This indicates that for April of 2017, there were 5 less homes sold than in April 2016, with an average price almost 5% greater than for the same period for the previous year with longer time on market. This shows that there was a decrease in number of units, with an appreciable increase in value.
For the year 2016, the market sales or absorption rate was 19 sales per month, with an average sales value of $217,884 and average days on market of 75.
For the first quarter of 2017, the market sales or absorption rate for Watertown CT was 12 sales per month, with an average sales value of $236,200 and average days on market of 95. This rate with the current inventory would be an 8+ month absorption rate. The current market in Watertown CT is still a buyer's market.
The graph demonstrates the average monthly sales value in Watertown CT for with strong fluctuations from month to month, yet slight increases in value over the year.
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.
Watertown CT Real Estate Sales Report for April 2017