Bethel, Ct Market Update As Of 3/31/11 Actual Market Time for Bethel Home Sales with Yearly Comparisons Published "Average Market Time" statistics in fact virtually never reflect the actual time that it's been taking for homes to sell, because such figures you see elsewhere only consider the Market Time of the final home listing which ended in a sale, and they ignore any prior cancelled and expired listings on those same properties. As this report clearly demonstrates, it's not uncommon for a specific property to experience two or more listings before it does eventually sell. The Market Times portrayed here do contemplate all successive listing attempts leading up to a successful home sale, and are thus the Actual Market Time Averages for Single Family home sales in Bethel. Created by: Doug Holaday
Year: 3 mos. 2011 2010 2009 2008 2007 2006
#Homes that Sold in its 1st Listing : 11 (52%) 72 (61%) 80 (64%) 68 (59%) 83 (63%) 106 (69%) 130 (71%) #Homes that Sold in its 2nd Listing : 7 (33%) 21 (18%) 21 (17%) 22 (19%) 30 (23%) 29 (19%) 40 (22%) #Homes that Sold in its 3rd Listing : 2 (10) 16 (14%) 12 (10%) 13 (11%) 11 (8%) 9 (6%) 7 (4%) #Homes that Sold after 4-7 Listings : 1 (8%) 8 (7%) 12 (10%) 12 (10%) 7 (5%) 10 (6%) 6 (3%)
Total # Homes Sold: 21 117 125 115 131 154 183
Actual Avg. Days-on-Market: 263 days 224 201 213 151 141 103
#Sales Jan.-Mar. YTD Comparison : 21 19 19 20 31 35 30
"Avg. Days-on-Mkt." per MLS: 133 116 104 109 82 82 66
The numbers show that the market time is increasing while the number of sales is decreasing.
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