Middlebury CT Real Estate Sales Report for May 2012
Currently in Middlebury CT there are 79 active residential listings for sale. They range from a 483 square ft, 1-bedroom lake front bungalow listed at $150,000 to a 3.989 square ft, 4-bedroom classic colonial estate listed at $1,575,000. The average list price of the homes currently available for sale in Middlebury CT is $479,830. The average days on market for these homes is 291 days. For the month of May, there were 13 new homes listed for sale in Middlebury CT. There are currently 4 homes under contract in Middlebury CT.
In May, 2 homes closed in Middlebury CT. They were a 1,670 square ft, 3-bedroom raised ranch which sold for $265,000 after 11 days on market and a 2,318 square ft, 3-bedroom bi-level ranch which sold for $323,000 after 7 days on market. The closed properties had a Sales price to List price ratio of 95.75%.
By comparison, there were 4 closings in Middlebury for the month of May 2011, with an average price of price of $598,103 and average days on market of 213 days.
For the year 2011, the market sales or absorption rate was 5 sales per month, with an average sales value of $381,732 and average days on market of 135. The current inventory of homes is equivalent to a 15-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 Middlebury 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 Middlebury CT.