Prospect CT Real Estate Sales Report for May 2011
Currently in Prospect CT there are 66 active residential listings for sale, with 14 new listings being added in May. They range from a small 1170 square ft, 2-bedroom ranch, listed at $158,000 to a 5300 square ft, 4-bedroom colonial with 18x36 pool listed at $629,000.
The average list price of the homes currently available for sale in Prospect CT is $344,590. The average days on market for these homes is 141 days.
There are currently 5 homes under contract in Prospect CT, with 2 going under contract in May. The average list price for these homes is $365,332 with an average day on market of 226 days. For the month of May, there were 14 new homes listed for sale in Prospect CT.
There were 3 closings in Prospect CT in May. They were a 868 Sq ft 3-bedroom mobile home, which sold for $27,000; a 1,660 3 bedroom raised ranch, which sold for $319,700 and a 2,008, 3 bedroom colonial which sold for $335,000. Average days on market of 82.
There were 4 closings in Prospect for the month of May 2010, with an average price of $293,143 and avg. days on market of 79.
For the entire year of 2010, the market sales or absorption rate was just over 6 sales per month, with an average sales value of $279,273 and average days on market of 102. Using the yearly absorption rate for 2010 of 6 sales per month, The current inventory of homes is equivalent to a 11-month inventory.
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 you would like information on homes for sale in Prospect CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Prospect CT.
Prospect CT Real Estate Sales Report for May 2011
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