2010 Mid Year Real Estate Sales Analysis for Cheshire Ct
For the first 6 months of 2010 there were 118 residential properties sold in Cheshire Ct. The median price of these homes was $330,000 with an average days on market of 108. The absorption or rate of sales for this period was almost 20 closings per month.
By comparison, for all of 2009, there were a total of 205 residential properties sold in Cheshire Ct with a median price of $360,000 and an average days on market of 86. This represented a sales rate of 17 homes per month
Currently in Cheshire Ct there are 178 active residential listings for sale. The average list price of the homes currently available for sale in Cheshire Ct is $442,600. The average days on market for these homes is 110 days. If the absorption rate remains the same as the first 6 months, this represents almost a 9-month inventory, without additional listings coming on the market.
For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.