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Latest market data and report
I've posted the second to last set of real estate sales statistics for the year at my Move To Milford web site. The next post will wrap up the year and I'll try to look back and see what the trends have been. The market is general has been improving, with s0me stats like average home sale values being dramatically impacted by the lack of inventory right now.
There are so few good homes on the market that it is a sellers' market right now and buyers have to be prepared to make offers immediately and may face multiple offer scenarios in many cases. In a more balanced market sellers are advised to be prepared for a 4-6 month wait to sell. Right now 4-6 weeks is more like it, with really nice, move-in-ready homes going even faster.
The market is so "tight" that interest in building has picked up and I'm getting more and more inquiries about vacant land, suitable for building. Almost all of the local developments that had stalled out during the recession are building again. Most builders have adapted to a shift in buying patterns towards the lower end by building less expansive and ... more
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