Third Quarter Real Estate Market Update for Middlebury Ct
The Real Estate market activity for Middlebury Ct has made an adjustment from the previous year and has also shown a growth from the activity of the first 6 months of the year.
For the first 6 months of 2010, the market sales or absorption rate was 3 sales per month, with an average sales value of $368,600 and average days on market of 117.
For the months of July, August and September, the absorption rate was just under 5 sales per month with an average sales price of $358,000 and average days on market of 118 days.
By comparison, for calendar year 2009, the absorption rate was just over 5 sales per month, with an average sales price of $410,800 and average days on market of 140.
There are currently 90 residential properties for sale in Middlebury Ct which equates to a 15 month inventory. The average sales price of the listed homes is $519,400 with 195 days on 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.
If your are looking to buy or sell a home or condo in Middlebury Ct, I can be reached at 203-206-0754 or email me at Edsilva@remax.net