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Prospect CT 2011 Real Estate Market Report
Prospect CT 2011 Real Estate Market Report
 

 
In 2011, 59 homes were sold in Prospect CT, with an average sale price of $270,740 and an average of 97 days on market. The homes that sold ranged from a 672 sq. ft. 2 bedroom ranch that sold for $22,000, to a 2350 sq. ft. 3 bedroom contemporary colonial that sold for $452,309.
 
The absorption rate for Prospect CT in 2011 was 4.92 homes sold per month. With an average of 57 homes on the market at any given time during 2011, that leaves Prospect CT with 11.58 months of inventory remaining.
 
 
2011 was a good year for the majority of buyers in Prospect, as the average SP/LP ratio was 96% and average sale prices were down 8% from 2010’s sale prices. The good news in this for sellers is that average days on market remained around 3 months, and the average sales price/list price ratios have been consistently well above 90%. Sellers, you can definitely get your Prospect CThome sold in a reasonable amount of time, if you list it at market values consistent with its condition.
 
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