Third Quarter 2010 Real Estate Market Update for Wolcott Ct 06716
The Real Estate market activity for Wolcott Ct has made an adjustment from the previous year and also a fall back 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 slightly more than 9 sales per month, with an average sales value of $207,470 and average days on market of 73.
For the months of July, August and September, the absorption rate was 8 sales per month with an average sales price of $256,160 and average days on market of 110 days.
By comparison, for calendar year 2009, the absorption rate was just under 12 sales per month, with an average sales price of $259,250 and average days on market of 101.
There are currently 104 residential properties for sale in Wolcott Ct which equates to a 13 month inventory. The average sales price of the listed homes is $313,800 with 159 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 Wolcott Ct, I can be reached at 203-206-0754 or email me at Edsilva@remax.net