We continue to see an increasing activity in terms of number of new listings, new prices and customers who have been renting who are exploring their new possibilities in the current market.
Although we live times of uncertainty, moving from being a tenant to own one's new home continues to be one of the immediate goals for many new families, and with more adjusted prices plus the lowest interest rates offered in many years, buyers are starting to taking real advantage of the current market.
As you can see in the tables below, the total of homes (single family properties) whose sales closed during the first two months of the year have declined to 36 from 47 units during the same period of time in 2008.
The Median Price came down from $342,500 to $314,875 or a 8.1%.
In average, the number of days these properties stayed on the market have remained very similar.
I will present some results for the towns of Bethel, Brookfield and New Fairfield in the next couple of days.
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