GREENS FARMS
Market Trends Report
January 2012
The Greens Farms, Connecticut real estate market is showing signs of picking up. The slowdown earlier in the year can be attributed in part to the season and the freak October snow storm and accompanying power outages. However, the 3 month comparison shows that while sales haven't increased, prices are on the rise.
The amount of inventory that the market can absorb was down a bit August through October, likely due to Tropical Storm Irene and the October snow storm, which kept buyers away. Sales normally slow down over the winter, so we use the 12 month absorption rate instead of the 3 or 6 month rate, which means that it would take about 11 months to sell every home currently on the market.
Although it is still a Buyers Market in Greens Farms, it is a stronger market than many other Fairfield County markets. With low interest rates and an improving economy, we are expecting a good Spring market. Let's hope the weather stays mild and the Spring market begins early this year!
Thinking of buying or selling in Greens Farms, Connecticut, call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.
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