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New Milford CT 06776 real estate market report through October 2016
The New Milford CT real estate market report shows we are still slipping down on sales. This year we did hit a record high since before the market crashed, June 2016 reported 51 home sales, which caused the absorption rate (AB rate) to drop to a seller's advantage. However that was short lived as sales continue to drop and the AB rate continues to rise since then. 
And now we are facing a bit of an inventory shortage, only 2 other months reported lower, and not by much, in the past 12 months. Currently there are 203 single family homes for sale. Although that sounds like quite a bit, it is a noticeable drop and buyers are finding it harder to find what they want. It is a confusing market at best. This is good news for the seller who has a home that is priced correctly and ready to go. 
 
NEW MILFORD CT REAL ESTATE STATISTICS, OCTOBER 2015 THROUGH OCTOBER 2016 
 
 
Here is what that looks like in a graph. Sometimes that makes it easier to see. 
 
The average days on market are also not consistent. In order to keep yours from sitting for too long, price it right, clean it up, make it available and ... more

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