Cheshire CT Real Estate and Homes for Sale, October 2009 Market Report

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Real Estate Agent

 

Cheshire CT Real Estate and Homes for Sale, October 2009 Market Report

Home Sales for Cheshire - October 2009 sales were 18, down -14.3% from 21 in October for 2008 and -10.0% lower than the 20 last month.

October YTD Sales of 167 are running 5.0% ahead of last year's year to date sales of 159.

Prices - The Median sales price in October was $350,000 down -2.2% from $358,000 in October of 2008 and  up 5.1% from $333,000 last month.

Inventory - The total inventory of homes available for sale as of October was 170, up 9.0% from 156 last month and up 11.1% from 153 in October of last year.

A comparatively low MSI (month's supply of inventory) is more beneficial for sellers while a higher MSI is better for buyers.

MSI ( months supply of inventory) for October of 9.4 months was it highest level compared with October of 2008 and 2007.

Market Time - The average Days On Market (DOM) shows how many days the average home is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyers market, a downward trend a move towards more of a Seller's market.

The DOM for October was 73 up 17.7% from 62 days last month and down -21.5% from 93 days in October of last year.

Comments (6)

Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Kate--You have good Localism reports each month. Thanks.      
        Mary

Nov 09, 2009 06:55 AM
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Kate--You have good Localism reports each month. Thanks.      
        Mary

Nov 09, 2009 06:55 AM
Joseph D. Federico
Donahue Real Estate Co. - Canton, MA
Eastern Massachusetts Real Estate

Kate-Great market report for Cheshire, Conn.

Nov 11, 2009 02:40 PM
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Kate, seems like homes are selling faster this October vs. last October...that's good news for your market! :)

Leilani

Nov 20, 2009 08:07 PM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

We never have too many market reports! Thanks for preparing this one.

Nov 21, 2009 11:20 PM
Nyssa Smith
Keller Williams Advantage Realty - State College, PA
REALTOR, State College Area Real Estate

You're setting yourself apart!  Great job on the stats!  I love it!  Keep up the great work!

Dec 01, 2009 11:41 PM