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Manchester CT Homes For Sale - Market Report November 2009

By
Real Estate Agent with Coldwell Banker

Manchester CT Homes For Sale - Market Report November 2009

Welcome to Manchester, Connecticut!!  Having a better understanding of Manchester CT Homes For Sale and the current Manchester CT market conditions is critical in order to help you make a more informed decision when buying or selling a home in Manchester.  To keep you up to date, I have included November 2009's market profile and trend reports for your consideration.

 Manchester Realty

Property Sales
November Property sales were 54, up 31.7% from 41 in November of 2008 and -5.3% lower than the 57 sales last month. November 2009 sales were at a mid level compared to November of 2008 and 2007. November YTD sales of 526 are running 7.3% ahead of last year's year-to-date sales of 490.

 Manchester Realty

Inventory & MSI
The Total Inventory of Manchester CT Homes For Sale as of November was 242, down -2.8% from 249 last month and down -13.6% from 280 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 4.5 months was at its lowest level compared with November of 2008 and 2007.

 Manchester Realty

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 61, up 27.1% from 48 days last month and down -10.3% from 68 days in November of last year. The November 2009 DOM was at a mid level compared with November of 2008 and 2007.

 Manchester Realty

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 94.2% was equal to 94.2% last month and up from 92.6% in November of last year.

 Manchester Realty

Manchester 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

Brian Burke

P.S.   Are you current on all Manchester CT Homes For Sale?  Are you considering buying or selling a home in Manchester, CT?  Selecting the most experienced agent dedicated to the Manchester, 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 today 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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Brian Burke, ABR, Realtor
(860) 798-3272
www.BurkeCTHomes.com

brian.burke@CBMoves.com

Brian Burke Video Resume

RANKED Top 5% Nationally
RANKED #5 in CLOSED SALES for 2011 (out of 2,500 agents)
RANKED #13 in CLOSED SALES for 2011 (out of 12,000 agents Hartford & Tolland County)
International President's Circle

Coldwell Banker Residential Brokerage

Brian Burke

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