South Windsor Homes For Sale Market Report November 2009
Welcome to South Windsor, Connecticut!! Having a better understanding of all South Windsor Homes For Sale and the current market conditions is critical in order to help you make a more informed decision when buying or selling a home in South Windsor. To keep you up to date, I have included November 2009's market profile and trend reports for your consideration.
Property Sales
November Property sales were 44, up 144.4% from 18 in November of 2008 and 37.5% higher than the 32 sales last month. November 2009 sales were at their highest level compared to November of 2008 and 2007. November YTD sales of 298 are running 8.8% ahead of last year's year-to-date sales of 274.
Inventory & MSI
The Total Inventory of South Windsor Homes For Sale available as of November was 144, up 3.6% from 139 last month and down -5.3% from 152 in November of last year. November 2009 Inventory was at its lowest level compared with November of 2008 and 2007.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2009 MSI of 3.3 months was at its lowest level compared with November of 2008 and 2007.
Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for November was 68, up 11.5% from 61 days last month and up 44.7% from 47 days in November of last year. The November 2009 DOM was at a mid level compared with November of 2008 and 2007.
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The November 2009 Selling Price vs Original List Price of 93.8% was up from 93.7% last month and up from 91.9% in November of last year.
South Windsor CT Realtor Brian Burke, ABR
RANKED Top 1% Nationally
RANKED Top 10 in CLOSED SALES for 2009 (out of 2,500 agents)
International President's Circle
Coldwell Banker Residential Brokerage
cell: (860) 798-3272
email: burkecthomes@gmail.com
P.S. Are you considering South Windsor Homes For Sale? How about the Hartford County area? Selecting the most experienced agent dedicated to the South Windsor, CT area is imperative to promoting your home correctly as a seller or bidding on a home aggressively as a buyer. Call or email me to setup a no obligation consultation, and I'll outline each of the many strategies I utilize to gain the best results for my clients.
Cell: (860) 798-3272
Email: burkecthomes@gmail.com
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