PROSPECT CT-REAL ESTATE MARKET REPORT - FEBRUARY 2012
Prospect CT-Real Estate Market Report - February 2012 Average sales prices dropped slightly in Prospect in comparison to last month, but continued to remain significantly above last year’s prices. Consistent inventory and volume of sales over the last several months still leaves buyers with the upper hand in Prospect CT. Sellers, if you want buyers to act on your home, then you must make sure that your home prices are in line with current market values, based on its location and condition.
There are 57 single family Prospect CT homes for sale, with an average listing price of $307,423, and 199 days on market, ranging from a 672 sq. ft. 2 bedroom ranch being offered for $20,000 to a 5305 sq. ft. 4 bedroom colonial being offered for $579,900.
Here's a breakdown of the Prospect CT homes for sale prices:
5 homes were sold in Prospect CT in the month of January, with an average sale price of $224,880, and an average of 114 days on market, ranging from an864 sq. ft., 2 bedroom ranch that sold for $90,000 to a 2600 sq. ft., 3 bedroom colonial that sold for $377,000. By comparison, in January 2011, 3 homes were sold in Prospect, with an average sale price of $173,833 and an average of 102 days on market.
The Prospect CT real estate market is still in a buyer’s market with 11 months of inventory at an absorption rate of 5.17 homes being sold each month over the last 6 months with 57 homes currently on the market.
These were the 5 houses that won the Prospect CT real estate market homes sold contest in January:
Looking to relocate to Prospect CT? Visit Looking For A Reason to Move-Destination: Prospect CT
For more information about Prospect CT, you can visit the following:
Prospect CT Real Estate - Market Update- prior Prospect CT market reports
For more details about the Prospect 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 Prospect CT houses for sale.
© William James Walton, Sr. Market Report data provided by CTMLS. All data is accurate but not guaranteed at time of publication.