Prospect CT Real Estate Sales Report for October 2011
Currently in Prospect CT there are 81 active residential listings for sale, with 9 new listings being added in October. The homes for sale in Prospect CT range from an 840 square ft, 2-bedroom mobile home, listed at $20,000 to a 5,305 square ft, 4-bedroom colonial with 18x36 pool listed at $599,900. The average list price of the homes currently available for sale in Prospect CT is $298,649. The average days on market for these homes is 156 days.
There are currently 5 homes under contract in Prospect CT. The average list price for these homes is $296,740 with an average day on market of 195 days.
There were 4 homes sold in Prospect CT in October. They ranged from a 3,024 Sq ft 4-bedroom colonial, which sold for $400,000 to a 1,324 sq ft 3 bedroom, ranch style home which sold for $224,000. Average days on market of 74.
The closed properties had a Sales price to List price ratio of 94.5%.
There were 2 closings in Prospect for the month of October2010, with an average price of $292,700, with avg. days on market of 106 and a Sales price to List price ratio of 97%. This indicates that sales slightly higher with less days on market. Still a very strong buyer's market here in Prospect CT
For the first 6 months of 2011, the market sales or absorption rate was 3.6 sales per month, with an average sales value of $240,098 and average days on market of 114. The current inventory of homes is equivalent to an 21+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 October 2011
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