Market Statistics for Southington CT October 2021
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Currently in Southington CT there are 30 active residential listings for sale, with 3 new listings being added in October 2021. The homes for sale in Southington CT range from a 1,056 square ft, 2-bedroom mobile home listed at $63,000 to a 1,807 square ft, 3-bedroom, ranch listed at $1,650,000.
The average list price of the homes currently available for sale in Southington CT is $439,707. The average days on market for these homes are 47 days. In addition, there are currently 34 homes under contingency contract and 57 homes under hard deposit.
In October 2021, 45 homes closed in Southington CT. They ranged from a 858 square ft, 2-bedroom mobile home, which sold for $60,000 to a 2,933 square ft, 4-bedroom colonial which sold for $565,000. The average price for the homes that closed in October in Southington CT was $328,839 with average days on market of 27 days. The closed properties had a Sales price to List price ratio of 101%.
By comparison, there were 58 closings in Southington CT for the month of October 2020, with an average sales price of $337,552 and avg. days on market of 42. This indicates that for October of 2021, there was 13 less homes sold than in October 2020, at an average price almost the same as the same period in 2020 with less time on market.
For the year 2020, the market sales or absorption rate was 50 sales per month, with an average sales value of $318,427 and average days on market of 45.
With this rate and the current inventory, there would be less than a 1 month absorption rate, which is a strong seller's market. The Southington CT real estate market is definitely a very active sellers market but still strong fluctuations from month to month.
The graph demonstrates the average monthly sales value in Southington CT for the previous 12 month period with modest if any gains from month to month for the first half of the year and stability for the second half. The values in Southington CT appear to be maintaining strong price appreciation.
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 Southington 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 Southington CT.
October 2021 Real Estate Sales Report for Southington CT
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