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Homes Under Contract Down by 26% in Manchester CT!
Fear is spawned by Corona Virus Disease 2019 (Covid-19) since it gained traction in the media last month. As days went by, supplies of masks, hand sanitizers and disinfectant wipes in the groceries and drugstores quickly disappeared from the shelves. Online stores were out of stock too of these popular items.
While demand for these items skyrocket, other supplies in the market see lackluster. Home sales is also down. In Manchester CT, properties that went under contract in the month of February, the month wherein the outbreak of the novel virus became prominent, is down by 26 percent. It is not a scary ratio to trigger panic in the real estate industry. But it is enough to precipitate concern as to how far this pandemic would gravely affect the real estate.
SUMMARY OF MANCHESTER CT REAL ESTATE FOR MARCH 2020Single Family Homes for Sale as of March 11, 2020
Units for Sale: 75. Last Month: 77 Average List Price is $242,263 with 3 bedrooms, 2 bathrooms and average square feet of 1,789 Median List Price is $233,500 with 3 bedrooms, 2 bathrooms and median square feet of 1,664 Most Expensive Home is $579,900 with 3 bedrooms, 2 and 1/2 bathrooms and 2,400 square feet ... more

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