Middlebury CT 2011 Real Estate Market Report
In 2011, 62 homes were sold in Middlebury CT, with an average sale price of $381,732 and an average of 135 days on market. The homes that sold ranged from a 1330 sq. ft. 2 bedroom cape that sold for $110,000, to a 9619 sq. ft. 6 bedroom colonial that sold for $1.95 million.
The absorption rate for Middlebury CT for 2011 was 5.167 homes per month being sold, and there has been an average of about 66 homes on the market at any given time during 2011. That means that there is almost 13 months of inventory in Middlebury CT
Even though there is still a year's worth of inventory remaining in Middlebury CT, the increase in volume of sales compared to last year, and the increase in average sales prices over the last year points to a recovery of the Middlebury CT housing market, with a 15% increase in home sales prices in 2011 from 2010. Sellers, if you are going to place your homes on the market in 2012, just make sure that you are listing your homes at market values so that they will sell quickly.
|
|
2011 |
2010 |
2009 |
2008 |
2007 |
|
Homes Sold |
62 |
45 |
74 |
69 |
84 |
|
Av. Listing Price |
408,758 |
362,804 |
410,811 |
426,294 |
435,341 |
|
Av. Sale Price |
381,732 |
332,418 |
377,351 |
406,457 |
421,817 |
|
Av. DOM |
135 |
117 |
140 |
128 |
138 |
|
SP/LP Ratio |
94% |
92% |
93% |
95% |
97% |
For further information about the Middlebury CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Middlebury CT homes for sale.
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