PROSPECT CT-REAL ESTATE MARKET REPORT for DECEMBER 2013
What does the real estate market look like in Prospect, CT? Well, as the year comes to a close, Prospect CT average sale prices continue to hover near the same place as they were last year. Both average sale and pending prices are higher than what they were in November, so the first few months should present a better picture for potential Prospect CT sellers.
There are 44 single family Prospect CT homes for sale,with an average listing price of $266,164 and a median listing price of $232,400
There are 11 Pending sales (under contract), with an average asking price of $274,554 and a median asking price of $279,000.
4 homes were sold in Prospect CTin the month of December, with an average sale price of $278,150 and a median sale price of $291,750. By comparison, in December 2012, 4 homes were sold in Prospect, with an average sale price of $299,000and a median sale price of $291,000.
The chart below shows the difference between the listing and sales prices for the homes sold in December, as well as the number of days that those properties were on the market before an offer was made and accepted.
So, what should I take away from all of this information? Well, that depends on if you are a buyer or a seller. If you are a seller, you can see how long, on average, it will take to sell your home, the relative price ranges for homes like yours in your area, and the amount you should expect to receive for your home, provided that it is correctly priced and has gained a buyer's interest due to its curb appeal and other factors. If you are a buyer, this tells you how many homes there are on the market in this area and what price range the typical home in this area sells for.
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
Are you looking to buy a home in Prospect CT? Click onProspect CT homes for saleto search for homes in your price range.
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.